Channel NewsAsia
AsiaPac · 20 mins ago
Sheffield United's ex-owners winds up company which bought club
LONDON, Aug 19 : Sheffield United's former owner on Wednesday won a bid to wind up the company that in 2024 bought the second-tier Championship side, which said the High Court's decision was not an issue for the club.United World, led by Prince Abdullah bin Mosaad bin Abdulaziz Al Saud, filed a winding-up petition last month against COH Sports Bidco Limited (CSBL) over what it says is a 35 million pound ($47.43 million) debt.United World Holding Limited's petition to wind up CSBL was granted by a judge at London's High Court on Wednesday after a brief hearing.A Sheffield United spokesperson said in a statement that "this High Court decision is not a Sheffield United Football Club issue". United World did not immediately comment. COH Sports – led by Steven Rosen, founder and chairman of Res
Do you trust Channel NewsAsia?
Sign in to rate
Discussion
?
No comments yet — be the first to start the discussion!