Sheffield United could incur a 12-point deduction after the company used to buy the club was placed into liquidation by the High Court on Wednesday.
COH Sports Bidco Limited (CSBL) agreed to purchase the Championship club for just over £100m in December 2024 but about £35m was still owed on the deal.
A winding-up petition was filed last month against CSBL by United World – the club’s former owners.
CSBL – headed by United co-chairmen Steven Rosen and Helmy Eltoukhy – had no representation at the High Court hearing, which lasted about 10 seconds.
A statement issued by the former owners said they had made “every effort to resolve this matter amicably” but had “received no response”.
A Sheffield United spokesperson said: “Sheffield United…