A Nigerian tech billionaire, Dozy Mmobuosi, is reportedly on the verge of acquiring English football club, Sheffield United, in a deal said to be in the region of £90 million.
Sheffield United which is in the English championship, is likely to gain promotion back to the English Premier League as it is in the top three of the second tier of the league.
The Blades’ push for promotion back to the EPL this season suffered a glitch after they were hit by a transfer embargo last month amid financial difficulties but if the sale is successful, they would have enough funds to go into the transfer market.
The sale deal has been confirmed by the English Football League (EFL) in a post on its website, where it said the issue relates to the non-payment of a transfer fee that was owed.
The EFL said the embargo which prevents Sheffield from buying a player for the next 18 months unless they win promotion, was imposed because the Blades failed to keep up payment instalments on signings.
“This included payments to Liverpool for forward Rhian Brewster, who was signed in October 2020 for £23.5m.”
The Blades current owner, Prince Abdullah bin Musa’ad bin Abdulaziz Al Saud, has been struggling to maintain the funding needed to keep the club going and was understood to be open to selling the club.
And that has opened the door for the Nigerian billionaire whose company, Tingo Mobile, is valued at around £7 billion, to make a bid to buy the club.