BusinessCompany NewsSheffield United substitutes FD in bid to avoid relegation

Sheffield United substitutes FD in bid to avoid relegation

Football club is still hoping to avoid relegation, and brings in finance boss from the reserves to replace COO

Simon Capper has been announced as Sheffield United’s new FD after its COO
left the club permanently this week.

The AIM-quoted company said last night that COO Mark Fenoughty was leaving
the club, ‘effective immediately.’ No further details have so far emerged today.

Capper is currently FD of United Scarborough Estates, the club’s property
joint venture with the Scarborough Property Company, and he will assume all of
the outgoing COO’s responsibilities, the company said.

Sheffield FC is still disputing its relegation to the Coca-Cola Championship,
which could see the club lose out on an estimated £30m in revenues, despite
the fact that West Ham has encountered similar issues yet remained in the
Premiership.

Kevin McCabe, chairman of Sheffield United, said: ‘Simon’s first task will be
to finalise the financial planning for the future of the club, including a
strategy to plan for our potential relegation to the Championship, which is
still very much in dispute.

‘We remain committed to a full challenge to the FA’s recent (West Ham)
decision and are confident of the club’s future, both in its on-pitch and
off-pitch activities.’

Further reading:

Leeds United CVA approval squeezes
through

Administration is tactical victory for
relegated clubs

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