On Monday, United World said that setting up 1919 Partners LLC was intended to avoid repaying creditors of CSBL.
The group also stated that no proposal to clear the outstanding debt had been made since the winding-up order was issued, accusing Rosen and Eltoukhy of attempting to take control of the club without paying for it.
Representatives linked to Sheffield United’s ownership later released a statement that did not directly respond to those allegations.
They said they were frustrated that Prince Abdullah was allegedly using public statements to damage the club and upset its supporters.
They maintained that the 2024 agreement between the experienced parties had been properly advised by Prince Abdullah’s financial consultants.
The statement described Sheffield United as financially stable, contrasting its current position with Prince Abdullah’s ownership, when the club lost points after failing to make payments to football creditors.
It added that Helmy Eltoukhy and Steven Rosen had invited Abdullah to put money back into the club, become part of its ownership, and contribute his expertise to the promotion campaign.
Helmy and Steve were said to be concentrating on the club’s long-term stability and the upcoming season.
United World replied on Tuesday, arguing that parties with professional financial advice must honour the price they previously agreed to pay.
It said that offering shares in the company that had been sold, rather than paying the outstanding amount, was never included in the agreement and could not be treated as settlement.
United World added that if Sheffield United is genuinely in strong financial condition, and its owners have the resources attributed to them, they should be able to pay the money owed.
According to the group, settling the debt would immediately resolve questions surrounding the club. Instead, it claimed, the owners are operating a club they have not fully paid for, while its financial position stems from an arrangement designed to avoid that payment.
Neither the EFL nor the Independent Football Regulator (IFR) has publicly addressed the transfer of shares to 1919 Partners LLC.
The IFR confirmed that it was communicating with the relevant parties to obtain further details about the situation.
The regulator said it was aware of the winding-up petition involving COH Sports Bidco.
It added that discussions were taking place with the club and other relevant organisations, but that no further comment could be made at this point.
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