Sheffield United could be handed a huge point deduction after COH Sports Bidco Limited (CSBL) collapsed.
United World, which sold Sheffield United to COH Sports Bidco, claims it is still owned £35m for the takeover that is about to seep into the club’s season just one week after it began.
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Sheffield United’s former owner, Prince Abdullah’s United World, has successfully petitioned the High Court to wind up COH Sports Bidco Limited (CSBL) which forced the company into compulsory liquidation.
As per the BBC, this is a very complex situation clouded by the movement of shares in Sheffield United into a new company named 1919 Partners LLC.
The important piece of news is the EFL’s insolvency rules. An…