Sheffield United have announced their takeover by COH Sports, an American consortium led by Steven Rosen and Helmy Eltoukhy. The group has acquired 100% of the club’s parent company, Blades Leisure Ltd, from Saudi Arabia’s United World Group, marking the end of Prince Abdullah bin Mosaad bin Abdulaziz Al Saud’s involvement with the club since 2013.
Rosen, founder of Resilience Capital Partners, and Eltoukhy, co-founder of biotech firm Guardant Health, will serve as co-chairmen of Sheffield United’s board with immediate effect.
“COH Sports, a group of successful entrepreneurs and business partners, is delighted to confirm the acquisition of the Blades,” the club said in a statement.
The Blades join the growing number of English clubs with American owners. Following Everton’s acquisition by the Texas-based Friedkin Group, half of the Premier League’s 20 clubs are now under U.S. ownership.
Sheffield United, managed by Chris Wilder, were relegated from the Premier League last season but are currently leading the Championship table. The new owners expressed their ambition to establish the club as a consistent top-flight contender.
“Like all Blades fans, we want to see the club competing in the Premier League consistently, not just on a one-off basis. We are committed to supporting the management team and continuing this season’s strong progress,” the consortium stated.
The takeover brings renewed hope for Sheffield United’s long-term ambitions as they push for promotion back to the Premier League.
