MPs meet EFL bosses over Sheffield United financial worries
Concerns over financial position as row with former owner continues
Sheffield MPs have met Football League officials to call for a ‘swift resolution’ over concerns over the club’s financial position.
It comes after COH Sports, the company that bought Sheffield United from Prince Abdullah in 2024, was wound up in the High Court last month.
COH Sports who acquired the Blades from Prince Abdullah’s company United World had been handed the petition last month following claims that a figure of at least £35 million was still owed for the transaction.
United’s owners had previously criticised Prince Abdullah after claims from the opposing camp that the Blades could be deducted points as a result of the dispute, but the club says it is in a financially healthy position.
Now MPs have met with officials at both the English Football League (EFL) and the newly instated football regulator.
Sheffield Central MP Abtisam Mohamed said in a statement that many would be anxious about the ongoing financial situation at Sheffield United.
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She revealed that on Thursday, Toby Perkins, Clive Betts and representatives from her own office and and Louise Haigh’s office met senior officials from the EFLe and the Independent Football Regulator (IFR).
She said: “The EFL and the IFR set out the processes they follow and the powers they hold. The EFL is reviewing a number of interlinked regulatory issues at the club, drawing on information from the club, from relevant owners and from other sources, before deciding whether further action is needed. That could carry consequences for the club, for individuals or both.
“They assured us that no conclusions have been reached, that everything remains under active review and that there is no fixed timetable, but that they are moving as quickly as practicality allows.
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She added: “My office, alongside the others, will keep in close contact with both the EFL and IFR and urge as swift resolution to the proceedings. As it stands, we have expressed our concerns regarding the impact it is having on the people that make the club what it is: the supporters.”
She believes what matters is keeping that impact as low as possible.
“Sheffield has a long, proud history associated with football. We intend to ensure its future too,” she added.