Sheffield United Chief Executive Trevor Birch has slammed talk in a national newspaper that the Blades are set to be sold.
Reports stated that chairman Kevin McCabe was set to relinquish his role with the Blades and sell the club to outside investors. As Birch outlined, the club is looking for investment, but suggestions that a takeover is imminent is way off the mark, which the paper failed to recognise despite reassurance from the club.
‘As has previously indicated by Kevin (McCabe) and myself, it is no secret that the club is seeking to further enhance its financial standing by bringing additional investment to the club.
‘Such plans were outlined at recent fans’ forums held in Sheffield when we made it clear that the brief for the advisory firm was to find investment support to enhance the club’s far-reaching plans to further develop our business on and off the pitch.
‘As part of the process, which is continuing, the club has appointed an independent corporate finance and equity capital markets advisory firm – AKUR – to help find such partner investors which would bring long-term sustainable benefits for Sheffield United.
‘It is highly disappointing that the newspaper has angled its article in the way it has and, at the same time, having invited comment from the Club, chosen to ignore that comment.’
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