Sheffield United’s takeover by an American consortium has been completed and will be officially announced soon, BBC Radio Sheffield reports.
The group, managed by Steven Rosen and Helmy Eltoukhy, stated that they gained full clearance from the English Football League earlier this month.
The buyout ends Saudi Prince Abdullah Bin Mosaad Bin Abdulaziz Al Saud’s five-year tenure as the club’s sole owner.
The Blades are currently leading the Championship with 45 points after 21 games, looking to gain promotion back to the Premier League on their first attempt.
Rosen founded and chaired Resilience Capital Partners, while Eltoukhy serves as chairman of Guardant Health, a biotech company.
Last month, football finance expert Adam Sommerfeld projected that all Premier League and EFL clubs might receive American investment within the next five to ten years.
Analysis
BBC Radio Sheffield sport editor Rob Staton
The takeover story is finally coming to a close. The contract has been signed, and all that remains is to prepare for the official announcement.
This has taken longer than anyone had anticipated or expected, but it is now completed before the January transfer window, the Blades are top of the league, and Chris Wilder is doing an excellent job with a group capable of achieving promotion.
Prince Abdullah will take over a team that was promoted to the Premier League twice during his term and reached the FA Cup semi-finals last year.
Despite two tough relegations from the top division, this has been a fantastic period for United fans. The new owners face the challenge of taking the team to the next level and establishing it as a regular in the Premier League.
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