Yup, it's confirmed: Saudi Prince just bought half of Sheffield United

Yup, it's confirmed: Saudi Prince just bought half of Sheffield United
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Published September 3rd, 2013 - 14:56 GMT via SyndiGate.info

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Financial details were not revealed by the northern English club, which was founded in 1889, according to Associated Press.
Financial details were not revealed by the northern English club, which was founded in 1889, according to Associated Press.
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Business reportedLondon
,
Dubai
,
the Associated Press
,
Forticap
,
Arabian Business
,
Kevin McCabe
,
Abdulaziz Al Saud
,
Abdullah

A Saudi Arabian prince has become the joint owner of English third tier football club Sheffield United after buying 50 percent of its shares, according to UAE-based news portal Arabian Business.

Prince Abdullah bin Mosaad bin Abdulaziz Al Saud has bought half of the club from Kevin McCabe and will become co-chairman, it was reported on Tuesday.

The 47-year-old prince, a grandson of Saudi Arabia's founder King Abdulaziz, says he's investing in "a sensibly-organized, family and community club with a great history and heritage," Arabian Business reported

London and Dubai-based specialist consulting firm Forticap acted as the sole arranger for the transaction.

Financial details were not revealed by the northern English club, which was founded in 1889, according to the Associated Press. 

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© 2013 Al Bawaba (Albawaba.com)

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