Nigerian billionaire Dozy Mmobuosi is ‘closing in on a £90m takeover of Sheffield United’ with the promotion-chasers under a transfer ban after struggling to keep up with payments to Liverpool for £23.5m Rhian Brewster
*Sheffield United are reportedly close to being bought by a Nigerian billionaire
*But the takeover is believed to be close in timely easing of club’s financial issues
“EFL placed them under a transfer embargo after they failed to make payments
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.
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.
The Times report that Mmobuosi is the subject of the EFL’s owners’ and directors’ test at present but no problems have been flagged so far.
They say that the embargo, which prevents them 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 but has failed to live up to expectations or his price tag.