Sheffield United

The Club notified the IFR on 18 September 2026 that there was a reasonable prospect of the Club (being a regulated club) using an interest that the Club holds in its home ground as security for a loan. The Club’s notification included details of the purpose of the loan, the terms of the agreement, the Club’s debt profile and the Club’s financial forecast. 

The IFR grants approval under section 46(6) of the Act to the Club to enter into transaction as notified by the Club to the IFR. 

This means that, having considered the factors in section 46(6) of the Act the IFR has concluded that: 

- The Club provided a notification under subsection 46(1) as soon as reasonably practicable after the Club considered there was a reasonable prospect of this duty arising. 

- The transaction, as notified by the Club to the IFR, would not undermine the financial sustainability of the Club. 

Requests for review 

Under section 82 of the Act, a person who the IFR considers is directly affected by this decision (which is a ‘Reviewable Decision’ under the Act) may ask for it to be reviewed by a committee of the Expert Panel appointed by the Chief Executive Officer of the IFR. 

Any request must be made within 7 days of this decision’s publication date (or, if earlier, the date on which the IFR notified that person of this decision).   

Further guidance on who the IFR may consider to be directly affected by its decisions, and how to request a review, can be found https://www.footballregulator.org.uk/ir. 

After any requested review has been conducted, a concerned person, or other person with a sufficient interest, has a further right under section 84 of the Act to appeal the reviewer’s decision to the Competition Appeal Tribunal.