The proposed takeover of Sheffield United has received full clearance from the English Football League, according to the US consortium behind the deal.
In a statement, released by Bloomberg, businessmen Steven Rosen and Helmy Eltoukhy said they had signed an agreement with the Championship club’s owner Prince Abdullah bin Abdul Aziz Al Saud, on behalf of a group of investors.
They said recruitment plans were already in place for the January transfer window if the deal was completed in time.
“Like all Sheffield United supporters, we want to see the club building on its strong start to the season,” they said.
“We look forward to moving forward to completion as soon as possible.”
Last month, Blades boss Chris Wilder called for clarity over the takeover ahead of the next transfer window.
Rosen is the founder and chairman of Resilience Capital Partners, while Eltoukhy chairs biotech company Guardant Health.
In a short statement, Sheffield United chairman Yusuf Giansiracusa said: “We are pleased to hear that COH Sports has finally received EFL approval.”