Sheffield United received a £3million loan from Osama bin Laden’s family, a court heard today.
A battle in the High Court over control of the newly-promoted Premier League club is currently raging on, between co-owners Kevin McCabe and Prince Abdullah Bin Mosaad Bin Abdulaziz Al Saud.
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McCabe and Prince Abdullah are locked in a battle over ownership of Sheffield United
The latter’s legal team, led by Barrister Andreas Gledhill QC, accused McCabe of knowing a £3million payment to the club, which would allegedly never have to be repaid, came from ‘a member of the Bin Laden family’.
Prince Abdullah, a member of Saudi Arabia’s royal family, also argued that the loan would have to be paid back, the Sheffield Star report.
The loan became known at the club as Project Delta, but the investment opportunity appears to link the Bramall Lane club to Al-Qaeda’s founder and former leader.
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Mr Justice Fancourt has been overseeing the case, which centres around which of the two men can take control of the club and on what terms, since it began at the High Court on Monday.
He has been told the two individuals each own 50 per cent of Sheffield United, with McCabe approaching Prince Abdullah over a potential investment into the club in 2012.
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The latter eventually agreed to put £10million into the Blades, but the pair fell out in 2017 – leading to the ongoing dispute.
The company Prince Abdullah controls, UTB LLC, wants declarations in respect of its rights under an investment and shareholders’ agreement.
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