Nigerian Billionaire Set To Acquire Sheffield Utd In A £90m Deal
Written by Adewale Adeyemi on February 3, 2023
Sheffield United are reportedly close to being bought out by Nigerian billionaire Dozy Mmobuosi in a deal worth £90million.
The Blades are pushing for promotion back to the Premier League this season but were hit by a transfer embargo last month amid financial difficulties.
It has been known for some time that the Blades could be sold with current owner HRH Prince Abdullah bin Musa’ad bin Abdulaziz Al Saud struggling to maintain the funding needed to keep the club going. Last year, American businessman Henry Mauriss, who was previously linked with taking over Newcastle, had a bid, understood to be over £100m, accepted by the club’s hierarchy.
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 £7billion.