Kevin McCabe has described the arrival of a new investor at Bramall Lane as “a game changer.”
McCabe, Sheffield United’s plc chairman, made the admission after agreeing to hand-over half of his stake in the football club to an as yet unidentified individual set to be named next week.
Acknowledging that “we are talking significant sums” of money, McCabe also confirmed that, rather than being payable as a single lump sum, the fresh funding will be an on-going resource designed to improve David Weir’s first team squad.
As The Star revealed earlier this week, Stoke City’s Florent Cuvelier and Callum Wilson of Coventry City feature on the former Scotland international’s wanted-list.
“Yes, this is a game-changer,” McCabe said. “We are talking here about a very serious and experienced business person who wanted to come on board for the right reasons.
“It’s going to be the start of a new era for Sheffield United and an exciting era at that. But we are also, as has been the case in the past, going to run this club on sound business principles.
“We are looking at significant sums but to be spent sensibly and properly because, as we’ve stated before, we also want to build something that is sustainable.”
McCabe added: “This isn’t a takeover. It’s a partnership.
“Everyone here will be working together towards a common aim.”