Sheffield United sells Thames Club for £0.7m profit Sheffield United football club has sold its health and fitness club the Thames Club in Middlesex for a gross profit of £0.7m. The football club said that the sale, which produced a return of nearly 20%, was part of a move to refocus its leisure operations in the South Yorkshire area. The club was acquired by a company funded by the Downing Protected Venture Capital Trust, which plans to invest £1.5m in improving the property’s facilities and services and to look into rolling out the site into a small chain. Jason Rockett Sheffield United chief executive said: “Selling Thames is a strategic and appropriate move by the club and will, in part, help underpin the continued investment in football. “The sale has realised a significant return on our investment. Thames was part of the diversification of our-off-the-field business through leisure and property, which will now have a much greater focus on South Yorkshire.” Sheffield United acquired the club in March 2006 and over the last two years has invested in increasing the club’s profitability by growing membership and driving other revenue streams. Coffer Corporate Leisure advised Downing Protected Venture Capital and Christie & Co acted on behalf of Sheffield United FC.

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