Sheffield United co-owner Kevin McCabe ordered to sell his share of club to Prince Abdullah
The co-owner Kevin McCabe of sheffield United must sell his share of this club Prince Abdullah, for Saudi co-owner, a High Court judge has ruled.
McCabe will have to sell his stake Prince Abdullah for # 5m from the Premier League club.
In a hearing which lasted less than a few minutes, Justice Fancourt’s judgement finished a bitter 18-month lawful struggle for control at Bramall Lane.
After hearing six weeks of proof in London’s High Court the judge stated McCabe and his firm SUL must sell their stocks in the club to Prince Abdullah.
The Saudi royal purchased 50 percent of the One club for #1 six decades ago.
In a statement, Prince Abdullah said:“I am thrilled that this decision brings an end to the uncertainty on Sheffield United’s future. The staff and our boss Chris Wilder are off to a promising beginning and we can now focus on this crucial Premier League year under ownership.
„[…] I’m fully committed to continuing investment in the First Team along with the Academy and to bringing best practices and the highest standards of direction to the club.
„I also look forward to hearing by the fans, team staff and other stakeholders seeing ways where we can improve the matchday experience and support that the community which has so loyally supported us.
„One initiative already underway is the unification of the club and its crucial properties. We wish to have our arena and intend to complete this integration within the coming year.“
Justice Fancourt adjourned the case till October 14, after which McCabe would have to determine whether he’s to appeal the decision making of Monday.
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