Investment on its way

Last updated : 23 September 2010 By Bladesmadeditor

3110475On Thursday, the club confirmed that they are close to confirming investment into Sheffield United. It is stressed that Chairman Kevin McCabe isn't wanting to sell the club, and that a Malaysian is about to invest in the Blades and not take over.

The cash injection from the unnamed person is to benefit United on the pitch in terms of funds available to Gary Speed for recruiting.

Trevor Birch said: "We are progressing, continue to do that and have a potential investor in Malaysia who we are talking to. Hopefully there will be some resolution in the next six weeks or so and others are also in the frame. If it happens it won't be a takeover, it will be a partnership investment alongside Kevin McCabe."

Birch has described the investment as a 'moving feast', and that the investor would automatically become a board member. He continued: "Kevin (McCabe) is on record as saying any investment will be directed straight into the first-team rather than repaying any monies invested by him.

"They are general business people who have professionalism in managing businesses. We would hope there is enough expertise here to run a football club and that is what they are buying into.

"It will be a calculated investment, there won't be any rash splashing out on players, and it has to be hand in hand with what Gary Speed wants in terms of squad enhancement.

"It won't be reckless, I don't think football is in that position - perhaps with the exception of Manchester City - and people have to be conservative in their approach."

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