EFL approves controversial £100m Sheffield United takeover by Americans COH Sports

In the United Kingdom, the English Football League (EFL) has recently approved the £100 million takeover of Sheffield United by American firm COH Sports. This development comes on the heels of Prince Abdullah bin Musa'ad bin Abdulaziz Al Saud's agreement to sell the club last month, marking a significant transition in the club's ownership. The completion of this deal hinges on Prince Abdullah's signature, but there are already indications of growing frustration from the prospective owners. COH Sports, led by financier Steven Rosen and health entrepreneur Helmy Eltoukhy, is eager to finalize the purchase to provide essential funding for Sheffield United's manager, Chris Wilder, during the imminent January transfer window. Since being relegated from the Premier League, the club has made a strong start in the Championship, with Wilder at the helm, and the new owners are looking to further strengthen the team to enhance their chances of returning to the top flight. The urgency expressed by Rosen and Eltoukhy emphasizes the need for swift action. They believe that the EFL's approval was the last obstacle to completing the deal and are keen to begin their plans to redefine the club's trajectory. In a recent joint statement, they highlighted their gratitude for the EFL's engagement and described their anticipation of moving towards a rapid completion of the acquisition. Both investors are looking forward to supporting the team's efforts to capitalize on its promising re-entry into the Championship. The prospective ownership by COH Sports represents a shift in Sheffield United's strategic direction, focusing on the necessary financial backing to bolster the squad effectively. The January transfer window is seen as a crucial opportunity to make pivotal signings that would enhance the team's competitiveness. The hope from the new owners is that this takeover will enable the club to achieve its goals and reclaim its position in the Premier League soon. With pressure mounting and the clock ticking, it remains to be seen whether Prince Abdullah will comply with their requests and finalize the deal.