Premier League’s Sheffield United Seeks £170 Million for Sale

The owners of Premier League newcomer Sheffield United have told would-be purchasers they want £170 million ($221 million) for the team, according to people familiar with the sale talks.

Owned by former sports minister Saudi Prince Abdullah bin Musaid Al Saud, Sheffield United recently won automatic promotion to the Premier League after a second-place finish in the Championship. The club is expected to now receive a boost to broadcast income, potentially easing some of its financial concerns. It spent a significant part of last season under a player transfer ban for failing to pay installments on previously purchased players.

Sheffield United players celebrate after winning promotion to the Premier League, in Sheffield, on April 26.

Photographer: George Wood/Getty Images