Just three months ago, it was announced that Kevin McCabe, the Sheffield United chairman, had sold 50% of the club. Many wondered who the unknown buyer was, until it was revealed that it was none other than Saudi Arabian Prince HRH Prince Abdullah bin Mossad bin Abdulaziz Al Saud. So with the January transfer window drawing closer how much do we know about the league's newest foreign owner?

Prince Abdullah is part of the Saudi Arabian royal family. In fact, his grandfather founded the country itself and his uncle is the current king, making the new Sheffield United co-owner one of the few Princes in line for the throne.

When it comes to money we know that he is not short of a bit and that his family's net worth is estimated at around £18 billion. But the Prince has always been quite coy about his own personal wealth, stressing that it is a nine-figure sum, which means it is anywhere between £100 million and £999 million.

United now find themselves in a difficult but not unenviable position: they have a multi-millionaire (technically multi-billionaire) owner who is willing to spend but they are bound by rules which limit their spending thanks to financial fair play.

In any case, both the Prince and McCabe have vowed to spend wisely and not make rash decisions regarding transfers or any kind of cash outflow.

So why Sheffield United, a team languishing in League One? The Prince has previously revealed that he thought he would initially buy a club in the Championship and was linked with the likes of Leeds, Cardiff and SPL side Rangers, but when the prospect of owning a club in the birthplace of football came along he abandoned his original plan and decided to take a risk.

More meetings were arranged and finally a deal for the Saudi to buy half the club in exchange for an agreement that will see him pump an undisclosed amount of his fortune into it in order to propel United into the Premier League was reached.

The Premier League dream, the Prince has pledged, will be completed within five years. With claims like that we can expect big things in the coming transfer window and in years to come.

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Topics:
#Sheffield United
#League One
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