Sheffield United have announced to the Stock Exchange that they propose to raise £10million with a convertible loan notes issue, conditional on shareholders´ approval.Up to £5million would be used to invest in new players from the fund-raising.Blades chairman Kevin McCabe issued a statement to the Stock Exchange this morning which said: "This fund-raising will allow us to invest further in new players for our first team, improving our chances of remaining in the top flight, and to invest further in our off-pitch revenue streams."
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