The relegated Premier League club is said to be on the verge of being taken over by an American consortium.
Per The Telegraph, current owner Prince Abdullah and Silicon Valley-based investors are in talks.
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They are hoping to finalize a deal in the coming days that would move the Blades to new ownership.
Despite promotion to the top flight a year ago, the Blades financial situation has remained tight.
They were unable to sufficiently strengthen their squad and ended up finishing bottom of the table.