EFL release statement following COH Sports winding-up order as Sheffield United ownership dispute drags on
COH Sports, the company that bought Sheffield United, was wound-up in court today
The English Football League have issued a response to the winding up of COH Sports - the company that bought Shefield United - on Wednesday afternoon.
A petition to wind-up COH Sports by Prince Abdullah and his United World company, the former owners of the club was heard and granted at the specialist Insolvency and Companies Court (ICC) in London, which lasted around 10 seconds.
Prince Abdullah clams that he is owed £35 million from the sale which took place at the end of 2024 and that was not disputed in court.
Earlier this year, a statement revealed that 1919 Partners LLC were now the parent company of Sheffield United.
Following the winding-up of COH Sports, United World shared a statement with The Star in which they said: “No defence was filed and the debt of more than £35 million was not disputed. United World made every effort to resolve this matter amicably and tried until the morning of the hearing to give the owners a final opportunity to find a solution and spare Sheffield United the consequences of their conduct.
“That approach, like every one before it, received no response. It appears that Helmy Eltoukhy and Steven Rosen are simply not concerned about what this means for the club.
“What happens to Sheffield United now is the result of their choices. United World will continue to pursue the full sums owed through every legal avenue available, including against those personally responsible, and will support the officeholders of COH Sports Bidco with their investigations.”
“No defence was filed and the debt of more than £35 million was not disputed. United World made every effort to resolve this matter amicably and tried until the morning of the hearing to give the owners a final opportunity to find a solution and spare Sheffield United the consequences of their conduct.
“That approach, like every one before it, received no response. It appears that Helmy Eltoukhy and Steven Rosen are simply not concerned about what this means for the club.
“What happens to Sheffield United now is the result of their choices. United World will continue to pursue the full sums owed through every legal avenue available, including against those personally responsible, and will support the officeholders of COH Sports Bidco with their investigations.”
Further to that, the EFL have stated that they will consider the implications of COH Sports being wound-up. United World stated earlier this week that there was a possibility that Sheffield United could recieve a points deduction.
In a statement sent to The Star, the governing body said: “The EFL notes the High Court’s decision to issue a winding up order on COH Sports Bidco Limited. The League will consider the implications of that development in line with its Regulations, including whether any further action is required.
“In addition, the EFL continues to consider other regulatory matters following changes to the Club’s ownership structure and developments within the wider group. As these issues remain ongoing, the EFL will make no further comment at this stage.”
