Sheffield United takes out mortgage on Bramall Lane after Emirates Bank loaned out

Sheffield United took out a mortgage on Bramall Lane after borrowing money from Emirates Bank.

As reported by a football finance expert Kieran Maguire, United borrowed money from Emirates Bank, which now has a mortgage on Bramall Lane and some of the club’s other assets.

Last week the club regained possession of Bramall Lane, their Shirecliffe training ground, the hotel, the company center and the Crookes junior academy following the Prince’s takeover of Sheffield United Abdullah to Kevin McCabe on July 1.

In a club statement last week, they confirmed they were recovering the assets after Prince Abdullah’s takeover.

The statement reads: “Sheffield United Football Club Limited is very pleased to announce that as of July 1, 2020 he is the new owner of Bramall Lane Stadium, Shirecliffe Training Center, Hotel , the business center and the Crookes junior academy. .

“The reunification of the properties in the ownership of the Club is an important step in the long term strategy announced by HRH Prince Abdullah to recover the ownership of the key assets and to improve these assets. “

Prince Abdullah added: “When I became the exclusive owner of the club nine months ago, I was committed to preserving the club’s legacy, improving the club’s physical assets and enhancing the fan experience.

“The Covid-19 pandemic has certainly brought some unexpected challenges, but we remain committed to our original strategy and bringing the stadium and other properties under club ownership is an important step in the execution. of this strategy.

“We are now looking forward to capitalizing on this important milestone as we establish the Blades in the Premier League. We will have more good news soon.”

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