A Nigerian billionaire, Dozy Mmobuosi, is set to take over the ownership of Championship club, Sheffield United following a £90 million deal.
Sheffield United are attempting to return to the Premier League this season despite having a transfer embargo placed on them in January owing to financial complications.
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Hence, the potential acquisition of Mmobuosi, a Nigerian internet entrepreneur whose company, Tingo, is valued at over £7 billion, is expected to fix their financial problems.
According to The Times, the EFL’s owners and directors are currently evaluating Mmobuosi, but no issues have been identified so far.
They contend that the embargo was imposed as a result of Sheffield United’s failure to make timely acquisition payments, prohibiting them from making a player acquisition for the following 18 months or until they are promoted.
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After the transfer embargo was placed on the club, Prince Abdullah, the current Saudi owner of the South Yorkshire club, decided to sell the outfit.
