McCabe sells 50% of Sheffield Utd to Saudi prince

Sheffield United owner Kevin McCabe has sold half of his club to a Saudi prince.

The Daily Mail reports McCabe has sold a 50 per cent stake in the club to Prince Abdullah bin Mosaad bin Abdulaziz Al Saud, who becomes joint owner.

Prince Abdullah, 47, grandson of the founder of the kingdom of Saudi Arabia, King Abdulaziz, has secured a 50 per cent interest in the club's holding company Blades Leisure Ltd and becomes co-chairman alongside McCabe.

McCabe said: "We are thrilled to be building this new partnership for Sheffield United with Prince Abdullah, who shares our vision for the Blades to join the top tier of English football.

"The McCabe family remains wholly committed and over the past 10 years has invested more than £90million in rebuilding our fine and proud club, which now has a top-class stadium, academy and junior development centre."

 
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