Saudi prince eyes profit in Sheffield United

The Independent said on Tuesday that Prince Abdullah paid only £1 for his stake in Sheffield United, but he is expected to spend substantially more.

updated: September 05, 2013 23:13 IST
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Riyadh: A Saudi prince who bought a 50 percent stake in Sheffield United said Thursday he aims to profit through pushing the now third-tier English football club up to the Premier League.

"This is the best way to make profit if the club rises to League One and then the premiership," said Prince Abdullah bin Mosaad following the announcement of his acquisition.

The prince told AFP he bought the stake after the South Yorkshire club cleared its debt, brushing aside claims about a debt burden awaiting him.

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