Nigerian Billionaire, Dozy Mmobuosi is on the verge of completing the takeover of English club side Sheffield United in a deal worth £90million.
The Blades are fighting for promotion back to the Premier League this season but were hit by a transfer embargo last month amid financial difficulties.
However, their problems are reportedly about to be eased by the takeover by Mmobuosi, a Nigerian tech entrepreneur whose company Tingo has been valued at around £ 7 billion.
They say that the embargo, which prevents them from buying a player for the next 18 months unless they win promotion, was imposed because the Blades failed to keep up payment installments on signings.
It is the second time a Nigerian rich man would be linked to the takeover of a football club in England after the botched bid of Arsenal by the richest man in Africa, Alhaji Aliko Dangote, some years back.
Should the takeover pull through, Mmobuosi will become the first Nigerian to own a club in England.
Meanwhile, American, Henry Mauriss was close to buying the club last year only for the takeover to collapse after he failed the EFL’s test.
However, UK’s The Times reports that the latest bid for the club is much more viable.
Paul Heckingbottom’s side are on course to win promotion back to the Premier League automatically after they were beaten by Nottingham Forest in last season’s play-off semi-finals.
Leave a comment