Blades in £10.7m share offer
08/02/2006 - 14:48:13High-flying Sheffield United are planning to raise up to £10.7m (€15.6m) with a new one-for-two open offer to the club’s shareholders.
The Blades intend to use all proceeds from the new venture to finance the re-development of the corner stand at Bramall Lane, buy a local health club and continue to invest in new players.
Chief executive Jason Rockett believes it is a positive step forward for the club and thinks it will assist their charge towards a place in next season’s Premiership.
He said: “The proceeds of the open offer will allow us to finance the re-development of the corner stand at Bramall Lane and provide us with funding for our continued investment in our first team, in order to maintain our position in the Championship and attain promotion to the Premiership.”
