Prince Abdullah wins legal battle to control Sheffield United

Prince Abdullah bin Mosaad watches Sheffield United game from the stands. (Reuters/File)
Updated 17 September 2019

Prince Abdullah wins legal battle to control Sheffield United

LONDON: A Saudi prince has won a London court battle for full control of Premier League club Sheffield United.

Prince Abdullah bin Mosaad and co-owner Kevin McCabe were locked in a legal dispute over ownership of the northern English team after their business partnership broke down.

The prince, through his firm UTB LLC, took McCabe’s company Sheffield United Ltd. to court in a bid to enforce a sale agreement reached in December 2017.

Judge Timothy Fancourt said McCabe must sell his 50 percent share of the club to the prince for £5 million ($6 million).

In a 138-page judgment, delivered in London on Monday, the judge said the club is now worth “in the region” of £100 million ($124 million).

In a statement after the ruling, Prince Abdullah said he is “fully committed to continued investment in both the first team and the academy and to bringing best practices and the highest standards of management to the club.”

UTB will have to buy the club’s property assets, which include the Bramall Lane stadium and the Sheffield United hotel, from Sheffield United Ltd.

The judge says McCabe was introduced to Prince Abdullah in 2012 by a third party. 

They reached an agreement to split control of the club, then in the third tier and in need of investment, on a 50-50 basis in return for the prince investing £10 million  over two years.

After relations soured following disagreements over funding, McCabe offered to either buy Prince Abdullah’s stake or to sell his to the prince for £5 million.

The sale was not completed however, prompting Prince Abdullah to bring legal action against McCabe to enforce the contract of sale.

In return, McCabe sued in a bid to have the contract declared void or set aside and also sought damages for breach of contract. 

The team has opened the Premier League season by collecting five points from five games to sit 15th in the 20-team standings.


Liverpool cleared to win Premier League at Anfield

Atletico Madrid’s Marcos Llorente scores a goal against Liverpool during their match in London. The Reds will play against Everton on June 21. (Reuters/File)
Updated 06 June 2020

Liverpool cleared to win Premier League at Anfield

  • All remaining 92 Premier League games this season will be played behind closed doors, but there are fears that hosting the game in Liverpool could encourage supporters to congregate around stadiums

LONDON: Premier League leaders Liverpool could claim a first title for 30 years at Anfield after the initial batch of fixtures of the restart was announced on Friday.
Jurgen Klopp’s men, with a commanding 25-point lead at the top of the table, were just two wins away from clinching the title before coronavirus forced the suspension of football in March.
Liverpool’s first match back is against Everton on June 21. The Merseyside derby is due to take place at Goodison Park, less than a mile from Anfield, but a venue has not been confirmed by the Premier League. Crystal Palace will then visit Anfield three days later.
Wins in both of those matches would guarantee Liverpool’s first English top-flight title since 1990. But if Manchester City lose at home to Arsenal on June 17, the Reds would be champions if they beat Everton.
Liverpool City Council’s safety advisory group will meet next week to make a decision on whether the game can go ahead at Goodison or should be moved to a neutral venue.
All remaining 92 Premier League games this season will be played behind closed doors, but there are fears that hosting the game in Liverpool could encourage supporters to congregate around stadiums.

SPEEDREAD

Liverpool’s first match back is against Everton on June 21. The Merseyside derby is due to take place at Goodison Park, less than a mile from Anfield, but a venue has not been confirmed by the Premier League. Crystal Palace will then visit Anfield three days later.

The only other match that could be moved to a neutral venue from the first three rounds of fixtures is Liverpool’s visit to City on July 2.
The mayor of Liverpool, Joe Anderson, voiced fears that “there would be many thousands of people who would turn up outside Anfield” on the day Liverpool’s long wait for a league title was ended.
That has been disputed by the club, who said they have engaged with supporters’ groups to make sure social-distancing guidelines are followed.
Aston Villa will host Sheffield United in the first match of “Project Restart,” followed by Arsenal’s trip to City on June 17.
Manchester United’s visit to Tottenham will spearhead the first full round of matches spread over four days from June 19 to 22.
Premier League CEO Richard Masters said: “We know it won’t be the same without our loyal supporters in stadiums but, together with our broadcast partners, we are able to ensure fans can watch or listen to each match live from home.”