Former Sheffield United owners issue scathing response to High Court winding-up order with EFL repercussions unknown
United World have issued a scathing statement after the High Court ordered the winding up of the company used to buy Sheffield United, with the implications for the Blades still unclear as the EFL assesses the case.
Prince Abdullah's United World group have accused Sheffield United's owners of showing no concern for the club after the High Court ordered the winding up of the company used to buy the Blades earlier today.
In a strongly-worded statement issued after Wednesday's hearing, United World claimed Steve Rosen and Helmy Eltoukhy had ignored repeated attempts to resolve the dispute over what it alleges is more than £35million owed from the takeover completed 18 months ago.
UW filed the winding up petition last month, against the company that Rosen and Eltoukhy used to buy the Blades just before Christmas 2024. The hearing today, at the specialist Insolvency and Companies Court (ICC) in London, lasted around 10 seconds.
What that means for the future of United remains unknown. COH Sports Bidco is no longer the parent company of United, which was shifted into the control of 1919 Partners LLC earlier this year.
UW had claimed in a statement earlier this week that a winding-up order could see the Blades hit with a 12-point penalty by the EFL, although that course of action is not a certainty. The EFL will now investigate whether a breach of their processes has taken place.
And in a statement shared with The Star this afternoon, a United World spokesperson said: “The High Court today ordered the winding up of COH Sports Bidco Limited, the company Helmy Eltoukhy and Steven Rosen used to buy Sheffield United Football Club from United World.
“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.”
A spokesperson for United said this afternoon: “Sheffield United Football Club is aware of today’s hearing at the High Court. This is a matter between the current owners and former owner. The Football Club is in contact with the EFL and the day-to-day operations at Sheffield United are unaffected.”
Approached by The Star, a spokesperson for COH insisted nothing had changed since they issued a statement earlier this week. That read: "We are disappointed Prince Abdullah is trying to hurt the club and its supporters with publicity stunts.
"The deal between sophisticated parties in 2024 was well advised by his financial advisors. Sheffield United is financially healthy, unlike under Prince Abdullah when the club incurred a points deduction for missing payments to football creditors.
"Nonetheless Helmy and Rosen invited Abdullah to re-invest in the club and join the ownership of Sheffield United and to help use his skills to support our promotion efforts.
"Helmy and Steve are focused on the sustainability of the club and the season ahead."
