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SUL Board changes

8 September 2017

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Scott and Simon McCabe will be stepping down as Directors of Sheffield United FC (SUFC) and its immediate holding company Blades Leisure Limited (BLL), it was announced today.

Stephen Bettis and Sheffield City Region-based businessman Martin Green join experienced financial executive Jeremy Tutton in representing the McCabe Family interests on both Boards.

The McCabe Family has been deeply involved with the Blades since the 1990s, during which time it has invested more than £100m directly into the Football Club and in acquiring, developing, extending or improving the facilities utilised by SUFC at or around the iconic Bramall Lane Stadium, Shirecliffe Academy and the Junior Development Centre at Crookes.

In addition, the Scarborough Foundation, owned by the Family, has provided funds to SUFC's Community Foundation, which it initiated and helped establish some years ago, as well as donating to South Yorkshire-based charities supported by the football club.

Scott and Simon's father, Kevin McCabe, has been at the helm of SUFC for a long period, at various intervals chairing SUFC as well as Sheffield United Limited (SUL), the Football Club's previous parent company. This was prior to the investment in SUFC by His Royal Highness Prince Abdullah bin Mosaad bin Abdulaziz Al Saud in 2013, which saw the Blades owned on an equal basis between the two parties.

Honorary Chairman, Kevin McCabe said: Sheffield United's return to the Championship this season coincided with Prince Abdullah being able to commit more time and energy to the Club, emphasised by his recent return as a Director of SUFC and BLL.

"Since promotion the Prince, along with fellow Director Tareq Hawasli, new Board representative Yusuf Giansiracusa and other colleagues from Saudi Arabia and Europe, have demonstrated their desire to increase their involvement in directing and overseeing SUFC's management," said Mr McCabe. "We see this as a positive move that should further benefit our fine and proud Club. "It is to be remembered that a key reason in Prince Abdullah joining us four years ago was not only his clear belief in the Blades potential to succeed and grow as a business, but also as a result of the McCabe Family providing a 50% interest in BLL, concurrent to him committing new capital required to aid our joint aim of getting the Blades back into the top echelons of English football. As well as the initial money invested by the Prince, the Partners have during the last two seasons injected equal amounts to fund the Club.

"These Board changes are taking place at an appropriate time just after the closure of the August transfer window and coinciding with the Blades impressive start to the Championship season, for which Chris Wilder, his support management and the first team squad deserve much credit.

"In addition, our Chief Operating Officer, Andy Birks, who joined us in mid-2017, has demonstrated his leadership qualities and settled in well to supervising and running the day-to-day business activities of the Blades.

"The dedicated efforts of Scott and Simon for the betterment of the Blades within the last 10 years and more should not be forgotten and are much appreciated by me. It is good that Stephen, Jeremy and Martin bring with them much experience and knowledge of the football industry as well as understanding of the culture and ethos of SUFC and its virtues, which will be maintained in the changing times ahead.

"They will be dependable representatives for the McCabe Family as Directors liaising with our now more active partner and his nominated colleagues in order to ensure the Club continues to progress in a stable manner.

"Through SUL, the McCabe Family remains a 50% owner of SUFC and will focus its efforts on advancing and improving the provision of sporting facilities that the various divisions of SUFC can benefit from at Bramall Lane, Shirecliffe, Crookes and elsewhere in the City of Sheffield.

"The McCabes remain on hand to introduce Board members and the Club's Executive to important individuals in the world of football known to us here in the UK and Internationally," he added.

The new boards feature: Prince Abdullah bin Mosaad bin Abdulaziz Al Saud, Tareq Hawasli, Yusuf Giansiracusa, Stephen Bettis, Martin Green and Jeremy Tutton.

 


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