Companies House update on Sheffield United owner Abdullah bin Musa’ad & impact on the Newcastle takeover

When will the Newcastle United takeover happen?

Earlier today we reported that some unnamed Premier League clubs have upped the pressure on the league to stop the Newcastle United takeover from going ahead.

For more than five weeks, Newcastle fans have been waiting to open their ‘cans’ as the Saudi Arabian Public Investment Fund try to buy the Toon from Mike Ashley for 300 million pounds.

By all accounts, the Newcastle takeover will complete, even if it’s taking a bit longer than some had expected.

 

Companies House update on Sheffield United owner Abdullah bin Musa’ad

On Thursday, an update from Companies House alerted both Newcastle and Sheffield United fans.

One of the early objections to the Saudi takeover at St James’ Park concerned the Blades.

Crown Prince Mohamed bin Salman is the chairman of the Saudi Arabian Public Investment Fund.

Meanwhile, Sheffield United is owned by MBS’s cousin, Prince Abdullah bin Musa’ad.

The argument had been asserted that as a result of this Saudi family dynamic, Newcastle could exert undue influence over affairs at Bramall Lane.

Yet, on Thursday, a report from Companies House indicated that Abdullah bin Musa’ad had ceased to be “a person with significant control” of Sheffield United as of October 2019.

 

How could this impact the Newcastle United takeover?

The assumption to be drawn from the Companies House update is that if Abdullah bin Musa’ad is no longer important at Sheffield United, that could be another obstacle to fall by the wayside in the Saudi buyout.

However, well-followed Twitter user @RedRoseMichelle, who is a “solicitor (focused on) corporate crime”, has suggested that this latest Sheffield United update could be “a false alarm”.

She’s confirmed that Abdullah bin Musa’ad remains a director at Sheffield United.

Today’s update is explained as “a corporate structural change” by the Blades.

While, on the impact on the situation at Newcastle, Magpies fans are warned: “We don’t think this has any real impact on the takeover. Sit tight.”

Another journalist to question the meaning of today’s Companies House report is the New York Times’ Tariq Panja.

He’s noted that Abdullah bin Musa’ad has appeared very active at Sheffield United since October 2019.

Specifically when he claimed credit for agreeing Chris Wilder’s new 5-year deal with the Blades.

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This article was edited by Benjamin Newman.