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Why Sheffield United’s Owners Face Two Separate Legal Disputes Over the Takeover

Tom Page’s Delaware lawsuit and United World’s winding-up action are separate disputes connected to Sheffield United’s 2024 takeover. The High Court ordered COH Sports Bidco wound up; any EFL points sanction remains only a reported possibility.
From TheFinanceBase Team4 min to read
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Sheffield United’s ownership dispute involves two separate legal tracks, not one £100m lawsuit. Tom Page’s Delaware case alleges he was excluded from the 2024 acquisition arrangement. Separately, former owner United World pursued COH Sports Bidco Limited in England over a reported unpaid balance from the sale; the High Court made a winding-up order against Bidco on 19 August 2026. The EFL has said it will consider the order and other ownership-related matters, but no points deduction was reported as imposed as of 8 October 2026.

What are the two cases about?

The claimants, allegations and legal status differ. Bloomberg Law reported on 6 March 2026 that Tom Page had sued Steven Rosen and Helmy Eltoukhy in Delaware. The Guardian reported on 8 July that United World had petitioned in England to wind up COH Sports Bidco over sale proceeds it said remained unpaid. The High Court later granted the winding-up order sought by United World.

Proceeding Claimant and forum What is alleged or claimed Status reported
Page’s case Tom Page; Delaware Chancery Court Page alleges he was excluded from the arrangement to acquire Sheffield United. Bloomberg Law reported the lawsuit; the cited reporting establishes no final outcome.
United World’s action United World, the former owner’s investment vehicle; England’s High Court insolvency process United World claimed a balance remained due from the sale and sought to wind up COH Sports Bidco Limited. The High Court made a winding-up order against Bidco on 19 August 2026.

What does Tom Page allege?

Bloomberg Law reported that Vertex Albion Capital founder Tom Page sued Sheffield United owners Steven Rosen and Helmy Eltoukhy in Delaware Chancery Court. According to the unsealed lawsuit as described in that report, Page, Rosen, Eltoukhy and another partner had joined forces to acquire the club from Prince Abdullah, but Rosen and Eltoukhy later transferred ownership to their own “clone LLC.”

Those are Page’s allegations, not established findings. The cited reporting does not show that a court found fraud, ruled in Page’s favour or issued a final judgment.

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What is the reported £100m sale dispute?

The Guardian described the December 2024 transaction as a sale for about £100m. It reported that United World claimed about £35m of the price remained unpaid. The Guardian also reported an initial payment of about £30m, followed by later payments that United World said were delayed or missed. These are reported figures and positions; the sale contract itself is not established by the cited reporting.

The Guardian reported that the owners accepted that about £35m was owed, while maintaining that the debt was unrelated to the later parent-company restructure. That reported acceptance should not be confused with a court determination of the balance or the terms on which it was payable.

Why is the ownership restructure disputed?

United World alleged that shares were moved from COH Sports Bidco Limited to 1919 Partners LLC to avoid paying the outstanding balance, and raised the ownership change with the EFL, according to The Guardian. The club announced 1919 Partners LLC as its parent company in June 2026.

1919 Partners gave a different explanation. Its spokesperson said the restructure was intended to create a more flexible ownership structure, support investment and promote long-term financial sustainability. The company spokesperson also said: “We are focused on winning football matches, not playing politics.” The competing accounts do not establish the purpose of the restructure as a judicial finding.

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What did the High Court decide?

On 19 August 2026, Judge Paul Greenwood granted United World’s request for a compulsory winding-up order against COH Sports Bidco Limited, The Independent reported. The order was against the Bidco company, not Sheffield United Football Club itself. The order is a court action in United World’s creditor dispute; it does not by itself determine the EFL’s response.

Sheffield United said the dispute was “a matter between the current owners and former owner,” that it remained in contact with the EFL, and that daily operations were unaffected, according to The Independent.

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Could Sheffield United be docked points?

The Independent reported that Sheffield United could face a 12-point deduction if the EFL finds that ownership regulations were breached. This was reported as a possible consequence, not a penalty already imposed. In the statement quoted by The Independent, the EFL said it would consider the winding-up order’s implications under its regulations, “including whether any further action is required.” The league also said it was considering other regulatory matters related to ownership changes and developments in the wider group.

As of 8 October 2026, the cited reporting does not establish a final EFL finding or points sanction. The winding-up order and the EFL review are distinct: the court made the order against Bidco, while the league must assess any regulatory consequences under its own rules.

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How the takeover and disputes unfolded

  • 23 December 2024: Sheffield United’s filed accounts record that COH Sports Bidco acquired all shares in Blades Leisure Limited. The accounts identify COH Sports United LLC, controlled jointly through trusts of Steven Rosen and Helmy Eltoukhy, as the ultimate parent at that time.
  • 6 March 2026: Bloomberg Law reported Page’s Delaware lawsuit and his allegation that he and another partner were cut out of the acquisition arrangement.
  • June 2026: Sheffield United announced 1919 Partners LLC as its parent company.
  • 8 July 2026: The Guardian reported United World’s winding-up petition and the parties’ competing positions on the reported unpaid balance and restructure.
  • 19 August 2026: The High Court made the winding-up order against COH Sports Bidco; the EFL said it would consider the implications.

The available reporting establishes the filings, allegations, reported sale figures and court order described above. It does not establish a final Delaware judgment, a final settlement or payment of the reported balance, the complete legal basis for the restructure, or a final EFL regulatory decision.

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