Sheffield United owner Prince Abdullah is close to buying a fifth football club.
The Saudi Prince has confirmed that he is closing in on Chateauroux, who play in Ligue 2 in France.
“We have been interested in Chateauroux for some time, and negotiations have taken a long time,” he told AFP, as reported by the Daily Mail.
“The club’s position in the second division table is now very difficult, but I am optimistic about its future.”
The Blades owner continued: “When we buy a club, we have several objectives.
“To raise the level of the club, the facilities and the level of the team. The most important thing is to do it over time.
“I’m happy that we own clubs from three of the four countries that reached the last semi-finals of the World Cup – England, Belgium and France.”
This will be Prince Abdullah’s latest acquisition for the United World Group. He founded the group and is also the chairman. Blades CEO Stephen Bettis and chairman Prince Musa’ad are advisors.
As well as United, they also own Beerschot in Belgium, Al-Hilal United in the UAE and most recently they acquired Kerala United in India.
Chateauroux are bottom of the French second tier and look set to be relegated this season. They have won just one of their last 17 league matches and are eight points off the relegation playoff place.
What Blades fans think about latest purchase by owner Prince Abdullah
The news that the owner is buying yet another club has been greeted with a mixed reaction by the Blades fanbase.
Some are questioning whether he should be spending the money when there was no budget for new signings during the January transfer window.
Others have welcomed the acquisition as part of a bigger picture that will help the Premier League side.
These supporters are commenting on a story by Yorkshire Live, written by their United reporter Nathan Hemmingham.
He says that the move will benefit the Blades as they are “top of the tree in United World”.
The other four teams will effectively act as their feeder clubs – which has already been seen with the loan of Ismaila Coulibaly to Beerschot.
It also serves to help venture into new markets and cultures, while sharing ideas and best practices.