Sheffield United takeover situation: What is happening right now? | OneFootball

Few would have believed that this situation wouldn't have been resolved by the end of 2024, but that is now a possibility.

This American takeover of Sheffield United has been going on since early summer. Here we are nearing Christmas, and there is still yet to be a concrete resolution.

When news of a potential takeover of the Blades was first reported on, it gave supporters hope that the club could be put back on the right track after what was, objectively, one of the worst seasons in Premier League history.

A change in ownership didn't necessarily have people thinking that a return to the top flight was possible this season; there was still plenty of groundwork to be done before something like that was possible. As it has turned out, they have put themselves in a good position to do that without a new set of custodians.

They currently lead the Championship with more than a third of the campaign played, making the Blades one of the favourites to win promotion.

So at what point is the takeover at? Well this is the latest news surrounding it.

Sheffield United takeover latest

There was some hope that the American consortium, which is now being led by Ohio businessmen Steve Rosen and Helmy Eltoukhy, would complete their deal to purchase the club from Prince Abdullah - the current owner - before the start of the Thanksgiving celebrations last week, as per The Star.

However, no agreement was reached before the Americans broke away for their festivities, meaning that no deal would be completed until now, at the very earliest.

Despite the relatively unexpected success that Chris Wilder's side have achieved this season, there has been no hike in the asking price by the Saudi Prince, according to The Star, but he is expected to receive some form of bonus if he sells and the club subsequently win promotion this season - a bonus which could increase as time goes on.

The Athletic have said that people within the industry feel that it is time for the prince to pass United on to somebody else, given the exciting nature of the project that would sit before any new ownership.

Wilder himself has said that it's time for some more transparency on the takeover situation. He said, via The Star: "I believe we need clarity. I'd like to think that we're coming up to that point now either one way or the other.

"Stephen Bettis [United’s chief executive] has kept me in the loop as much as he can, and with whatever he knows as well, and I think we're on the same page with that."