Sensational reports emerged earlier this year when it was revealed that Sheffield United had received a £3m loan from the family of Osama bin Laden.
The Bin Laden family, one of the most influential families in Saudi Arabia, had previously shown interest in buying shares in the club but a deal never came to fruition.
Prince Abdullah Bin Mosaad Bin Abdulaziz Al Saud, a member of the Saudi royal family, was given full control of Sheffield United on Monday.
And in another press conference on Thursday, the 54-year-old defended the Bin Laden family.
Abdullah said he was offended by criticism of the Bin Laden family and called them respectable.
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"I really get offended when people think the Bin Laden family is a bad name," he said, per Sky Sports.
"Bin Laden is a good family, every family may have one bad person - but they are a very respectable family.
"I have not done business with them in the past but if I can do business with them I'd be very happy to do business with them.
"The Bin Laden family is not a disgraced name or something I should hide."
Abdullah also confirmed that they were trying to buy shares in the club and even paid the club £1 million.
"The Bin Laden family were going to buy the Kevin McCabe shares, they paid £1m as a down-payment to do due diligence and decided not to buy - it will be treated as a loan without interest for one year. I don't see it as a big deal," he added.News Now - Sport News