Shareholders hand Warnock £5m war chest

December 29, 2006

Sheffield United shareholders have approved a resolution at an EGM which will raise £5million for boss Neil Warnock to spend in the transfer window.

The Blades plan to raise £10million overall via the proposed issue of convertible loan notes, with Warnock handed a 50% share.

The remaining 50% would be used to invest in two proposed joint off-the-field ventures.

Meanwhile, the Blades have been hit by a virus ahead of their clash with Arsenal.

Striker Danny Webber was the first member of Neil Warnock's squad to be hit by the bug and both he and Claude Davis have struggled with it for a week.

Midfielders Michael Tonge and Keith Gillespie are the latest players affected and Warnock will leave it as late as possible to assess the quartet's fitness. Stephen Quinn (fibula) and Derek Geary (thigh) are definitely out.