Sheffield United chairman Prince Musa'ad bin Khalid Al Saud had stepped down from his position. Getty
Sheffield United chairman Prince Musa'ad bin Khalid Al Saud had stepped down from his position. Getty
Sheffield United chairman Prince Musa'ad bin Khalid Al Saud had stepped down from his position. Getty
Sheffield United chairman Prince Musa'ad bin Khalid Al Saud had stepped down from his position. Getty

Football

Sheffield United chairman Prince Musa'ad steps down for personal reasons

Blades sit bottom of the Premier League with 14 points from 31 games

The National

April 17, 2021

  • English
  • Arabic

Sheffield United announced that their chairman Prince Musa'ad bin Khalid Al Saud has resigned from his position for personal reasons.

The 28-year-old became the Premier League's youngest chairman when he was appointed by his father-in-law, club owner Prince Abdullah bin Musa'ad bin Abdulaziz Al Saud, in September 2019.

Prince Musa'ad leaves as the Blades sit bottom of the Premier League with 14 points from 31 games – with a possibility their relegation will be confirmed on Saturday.

"It has been an absolute pleasure and a real privilege to be chairman of this great club and I have always tried to uphold the values of the club and act as a true custodian," he said in a statement.

"To say I am disappointed of how things turned out this season is an understatement. I have great faith that we have a bright future and I look forward to seeing everyone back at Bramall Lane in good health and cheering on our Blades."

Last month manager Chris Wilder left his role after five years in the job, during which he guided them from League One to the Premier League.

Club owner Prince Abdullah said: "On behalf of the board of directors, I offer our thanks to Prince Musa'ad for his efforts, he has made a valuable contribution to the development of the football club."

Vice chairman Yusuf Giansiracusa will take on the role of interim chairman.

Highest paid players at Sheffield United

  • Phil Jagielka was the Blades' top earner, according to spotrac, on £50,000 a week. EPA
    Phil Jagielka was the Blades' top earner, according to spotrac, on £50,000 a week. EPA
  • Sander Berge, £32,692 a week. EPA
    Sander Berge, £32,692 a week. EPA
  • David McGoldrick, £28,846 a week. Getty
    David McGoldrick, £28,846 a week. Getty
  • Rhian Brewster, £27,500 a week. Reuters
    Rhian Brewster, £27,500 a week. Reuters
  • Lys Mousset, £25,000 a week. PA
    Lys Mousset, £25,000 a week. PA
  • Aaron Ramsdale, £22,212 a week. PA
    Aaron Ramsdale, £22,212 a week. PA
  • Michael Verrips, £20,000 a week. PA
    Michael Verrips, £20,000 a week. PA
  • Oli McBurnie, £20,000 a week. AFP
    Oli McBurnie, £20,000 a week. AFP
  • Jayden Bogle, £16,500 a week. AP
    Jayden Bogle, £16,500 a week. AP
  • Oliver Norwood, £15,000 a week. AP
    Oliver Norwood, £15,000 a week. AP
  • Jack Rodwell, £13,200 a week. Getty
    Jack Rodwell, £13,200 a week. Getty
  • Billy Sharp, £12,000 a week. AP
    Billy Sharp, £12,000 a week. AP
  • Jack Robinson, £11,000 a week. AFP
    Jack Robinson, £11,000 a week. AFP
  • Jack O'Connell, £10,000 a week. PA
    Jack O'Connell, £10,000 a week. PA
  • Chris Basham, £9,365 a week. Getty
    Chris Basham, £9,365 a week. Getty
  • Oliver Burke, £8,800 a week. Getty
    Oliver Burke, £8,800 a week. Getty
  • John Fleck, £8,000 a week. Reuters
    John Fleck, £8,000 a week. Reuters
  • Ethan Ampadu (on loan from Chelsea), £7,500 a week. PA
    Ethan Ampadu (on loan from Chelsea), £7,500 a week. PA
  • John Egan, £7,500 a week. PA
    John Egan, £7,500 a week. PA
  • Wes Foderingham, £5,500 a week. Getty
    Wes Foderingham, £5,500 a week. Getty
  • Max Lowe, £4,400 a week. AP
    Max Lowe, £4,400 a week. AP
  • George Baldock, £4,000 a week. AFP
    George Baldock, £4,000 a week. AFP
  • John Lundstram, £4,000 a week. EPA
    John Lundstram, £4,000 a week. EPA
  • Ben Osborn, £4,000 a week. Getty
    Ben Osborn, £4,000 a week. Getty
  • Enda Stevens, £4,000 a week. Getty
    Enda Stevens, £4,000 a week. Getty
  • Kean Bryan, £3,000 a week. AFP
    Kean Bryan, £3,000 a week. AFP
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1. Domestic VAT refund amendments: request your refund within five years

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2. E-invoicing in the UAE

Businesses should continue preparing for the implementation of e-invoicing in the UAE, with 2026 a preparation and transition period ahead of phased mandatory adoption. 

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Tax authorities are increasingly using data already available across multiple filings to identify audit risks. 

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Tax disputes are expected to become more frequent and more structured, with clearer administrative objection and appeal processes. The UAE has adopted a new penalty regime for VAT and excise disputes, which now mirrors the penalty regime for corporate tax.

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Transfer pricing enforcement, which refers to the practice of establishing prices for internal transactions between related entities, is expected to broaden in scope. The UAE will shortly open the possibility to negotiate advance pricing agreements, or essentially rulings for transfer pricing purposes. 

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Businesses that apply the reverse-charge mechanism for VAT purposes in the UAE may benefit from reduced compliance obligations. 

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Tax authorities are expected to continue strengthening the enforcement of economic substance and Country-by-Country (CbC) reporting frameworks. In the UAE, these regimes are increasingly being used as risk-assessment tools, providing tax authorities with a comprehensive view of multinational groups’ global footprints and enabling them to assess whether profits are aligned with real economic activity. 

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