Sheffield United takeover on the cusp of completion | OneFootball

The Blades' ongoing saga may finally be at an end.

The takeover of Sheffield United is done and dusted, according to BBC Sheffield's Rob Staton.

Signed, sealed, delivered: for COH Sports, United is all theirs. There were points when the group looked like they might fall short in their pursuit of a piece of the English footballing pie, but they have now got their slice.

The Blades have reportedly been in takeover talks with an American consortium since May. Now, as we approach the end of 2024, it has been reported that all the documents have been signed, and the club is finally on the brink of having new owners.

COH Sports will be the new majority shareholders at Bramall Lane as current head Prince Abdullah prepares to finally cut ties with United.

The group, who are led by Ohio-based business persons Steve Rosen and Helmy Eltoukhy, have had to get over a lot of hurdles and jump through many hoops to get to this point, but they have finally achieved what they had so desired.

Sheffield United takeover completed

10 days ago, United's president, Yusuf Giansiracusa, released a statement confirming that the bidding group had gained approval from the EFL and added that they would update supporters over the coming days. Now, an announcement confirming that the club is set to change hands isn't too far away, according to Staton.

This breakthrough news follows reports which emerged last week suggesting that there were going to be a further delay to this deal. The Saudi Prince was said to be holding out for a higher promotion bonus, as per Alan Nixon.

The Blades are currently top of the table after 21 games and have a much better chance of returning to the Premier League this season than everyone gave them at the start of the summer.

Despite the future that lies ahead of the club looking much more positive than looked possible in May, Prince Abdullah hadn't changed his asking price of £105 million, as per The Star.

This reasonable fee for a potential top flight side, even when combined with a slightly higher bonus, wasn't going to deter the Americans. That was until it was later reported that the owner was "refusing to sell" the club by The Guardian.

United supporters will be thankful, after that story at the end of last week, to now hear that all is done and they should have new ownership just in time for what will be a very important, and potentially active, January transfer window.

Sheffield United takeover opens up a world of opportunities

If COH Sports actually have the willingness to spend that has been reported and the financial muscle to back it up, the Blades should be very excited about what could be.

Now, with any new owners you never know exactly what you're going to get. They could come in with the best intentions, but things just might not go well; you just can't guarantee anything with a big change like this.

What can be said is that the upside of the club has just got even higher. When they were promoted to the Premier League two seasons ago, it felt like there was an impending doom surrounding them. Now, with some new custodians at the helm and a fresh wallet to call upon, their chances of staying up, if indeed they do go up, should be much better.