Sheffield Wednesday and Sheffield Utd in Talks Over Unprecedented Club Merger Inquiry from Rival Owners
The leadership of Sheffield Wednesday has received an unusual inquiry from Sheffield United’s owners regarding a potential merger. This inquiry comes during a turbulent period for Sheffield Wednesday, which is currently for sale, with an asking price reportedly over £30 million. The club entered administration last month, resulting in an automatic 12-point deduction in the Championship.
Details of the Inquiry
Reportedly, the inquiry was communicated through an email allegedly sent from COH Sports, the American owners of Sheffield United, requesting details about Sheffield Wednesday’s financial status and assets at Hillsborough.
- The inquiry is under investigation for legitimacy.
- No comment has been made by COH Sports regarding the inquiry.
About COH Sports
The consortium, COH Sports, is led by Steven Rosen and Helmy Eltoukhy. Both individuals are co-chairmen of Sheffield United. Rosen is the founder of Resilience Capital Partners, while Eltoukhy chairs the biotech company Guardant Health. COH Sports took full control of Sheffield United, including its women’s team, in December of the previous year.
Historical Tensions Between Clubs
The potential merger is likely to ignite anger among supporters from both clubs. The rivalry, which extends over 130 years, is one of the fiercest in football history.
Current Standing and Future Aspirations
The inquiry occurred earlier this month, amid ongoing sales discussions involving five other prospective buyers for Sheffield Wednesday. It has been confirmed that none of these buyers are associated with COH Sports.
Despite initial ambitions, COH Sports has faced challenges as Sheffield United currently finds itself in the relegation zone in the Championship, after being at the top prior to their takeover. The team recently secured a 3-0 victory over Sheffield Wednesday in the Steel City Derby.
Statements from COH Sports
Following the inquiry, COH Sports issued a statement asserting their commitment to Sheffield United. The statement highlighted their ambition to elevate the club back to the Premier League, citing the recent local derby victory as a morale boost.
- “We remain focused on modernizing the club,” the statement noted.
- The aim is to ensure a competitive position in the league.
COH Sports expressed their disappointment with the team’s current performance but remains optimistic about future improvements with the right support and strategic squad additions.
