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Elham AbolFateh

Sports

Family of Osama bin Laden helped finance Sheffield United as details of £3m loan are revealed in court

Thursday 16/May/2019 - 10:37 PM
Sada El Balad
Edited by Ahmed Moamar
Although the relationship started promisingly it quickly soured and collapsed entirely two years ago.

Central to the breakdown of trust was a £3m loan in February 2017، secured by Prince Abdullah from a potential investor called Dr Rakan Al Harthy through a company Charwell Investments Limited، as the Daily Mail said.

The loan was supposed to be interest free and due for repayment in April 2018.

However McCabe alleges that it was never intended to be repaid and was in fact an inducement to the Prince in his role as Saudi Minister for Youth and Sports.

Prince Abdullah insists it was to be been paid back through sponsorship.

According to the Sheffield Star، Andreas Gledhill QC، representing the Prince، told the court that McCabe 'knew the money had come from another source، namely a member of the Bin Laden family'.

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