, Nigerian Billionaire Mmobuosi Purchases England Football Club Sheffield United -

Nigerian Billionaire Mmobuosi Purchases England Football Club Sheffield United

Nigerian Billionaire Purchases Sheffield United of England Football Club

Dozy Mmobuosi, a Nigerian billionaire, is nearing an agreement to purchase Sheffield United for almost £90 million despite the club’s recent transfer ban.

The Times reports that Mmobuosi is allegedly close to completing the purchase of the Bramall Lane club. Although ‘no issues have arisen’ thus far, it is understood that the prospective purchase still needs to pass the EFL’s owners’ and directors’ exam.

Since current owner HRH Prince Abdullah bin Musa’ad bin Abdulaziz Al Saud struggles to retain the funding needed to keep the club operating, it has been known for some time that the Blades may be sold, according to The Mirror. Henry Mauriss, an American businessman who had previously been mentioned as a potential buyer for Newcastle, had a bid, estimated to be worth over £100 million, accepted by the club’s management last year.

But according to The Sheffield Star, Mauriss’ attempted takeover of the Yorkshire club, the Blades, was unsuccessful due to the complicated financial structure he was employing. It indicates that Sheffield United is still looking for a new owner, and it is said that Mmobuosi is responsible for this offer.

Mmobuosi first made his mark on the world when he established Tingo Mobile PLC in Nigeria in 2001. Since then, the company has expanded. Then, in 2021, he established his own foundation with the stated purpose of “promot[ing] the success of Africa and creating] an atmosphere where Africans may thrive,” with a particular emphasis on the advancement of information technology, healthcare, and education in his own nation.

The 43-year-old Nigerian businessman graduated from Ambrose Alli University in Ekpoma, Edo state, South-South Nigeria, with a Bachelor of Science in Political Science and a Master of Science in Economics.

Universiti Putra Malaysia awarded him a PhD in rural advancement, and Said Business School’s Oxford university, Advanced Management and Leadership Programme, which he recently completed, is another of his credentials.

He is estimated to be worth £7 billion and may provide the Blades, who have spent just under £4 million in transfer fees since last January, new financial optimism. The Blades are now under a transfer embargo because they didn’t make a payment that was due to another team. The EFL acknowledged on its website that the problem is the unpaid transfer fee that was due.

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