Sheffield United could have new owners in the near future as co-owner Kevin McCabe plans to sell the club.
McCabe and Prince Abdullah both own 50 per cent stakes in the Blades currently. The pair have been in a dispute about who should take control since late 2017.
As a result there is a current High Court case being heard to determine who will be the sole owner.
McCabe has made no secret of the fact that if he wins the case then he will “pass on the baton” and sell United. Now the potential buyers can be revealed.
In another Star report, it says that Sheffield United Limited – a company owned by McCabe and his family – signed a deal with Checketts and Pace on April 1. This was through their investment company, ALK Capital LLC.
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Two separate deals were negotiated – one if United remained in the Championship and one if they were promoted to the Premier League.
The completion of this deal depends entirely on McCabe being given 100 per cent control by the High Court.
Who are the investors?
Checketts and Pace have had plenty of involvement in American sport in the past. The duo were part of the team that established MLS franchise Real Salt Lake back in 2004.
Pace served as their interim president and alongside Checketts helped negotiate their links with Real Madrid.
The latter has also worked with basketball team, the Detroit Pistons. Checketts was involved with another NBA franchise, New York Knicks, as well as ice hockey side New York Rangers. That was when he served as chief executive of the firm that owned the two.