The High Court has ruled that Prince Abdullah will be the sole owner of Sheffield United.
The dispute between the Saudi prince and Kevin McCabe has been ongoing since 2017 after launching rival bids for the club.
They own 50 per cent each, but McCabe has been told he must now sell his share to his rival for £5m.
“As we turn a new page at Bramall Lane, my first priority is to secure our position in the top tier for many years to come,” Prince Abdullah tweeted following the news.
“To help realise that ambition, I am fully committed to continued investment in both the First Team and the Academy. And to bringing best practices and the highest standard of management to the club.
“One initiative already underway is the unification of the club and its key properties. We want to own our stadium and intend to complete this integration within the coming year.”
What next for Prince Abdullah and Sheffield United?
As the Sheffield Star reports, the first thing that is likely to happen is for McCabe to lodge an appeal. For a man who has invested so much time and money in the club to only receive £5m to walk away could be viewed as harsh.
What almost certainly won’t happen now is the sale of the Blades to North American investment company ALK Capital LLC. McCabe made no secret of the fact that should he win the High Court case, he would sell to this group.
They are headed by Alan Pace and Dave Checketts. The duo have previous football experience from their involvement at MLS franchise Real Salt Lake City.
Of course they could still make an offer to Prince Abdullah. There are expected to be several investors interested as United are now a Premier League side.
Yet Prince Abdullah has previously said he intends to remain in charge. And his latest statement doesn’t appear to suggest anything to contrary.