The man looking to buy Sheffield United had been revealed as Nigerian billionaire Dozy Mmobuosi, according to reports. Reports from several media outlets in England claimed last night that the club was ‘close’ to completing its takeover.
An African billionaire was said to be behind the takeover attempt and recent reports has it that the person in question is Mmobuosi.
A technology entrepreneur, he is the founder and CEO of Tingo, Inc. and Tingo International Holdings and his company has been valued at £7bn by financial experts.
It was revealed in December that Prince Abdullah had accepted a substantial offer to sell the club. The offer per what is reported is currently with the EFL as they do their due diligence as part of the Owners’ and Directors’ Test.
The takeover attempt is to purchase Sheffield United and not United World, the holding company that houses current owner Prince Abdullah’s footballing interests.
The Times reports that the deal to buy the club is worth £90m (50 Billion Naira). It comes at a time when the club is facing financial pressures following two seasons outside of the Premier League. They are currently second in the English Championship and in pole position to return to the English Premier League.
They are currently operating under a transfer embargo after failing to keep up with transfer payments owed to another club, believed to be Liverpool for the sale of Rhian Brewster.
Waziri Damian