Dozy Mmobuosi, Nigerian billionaire is ready to provide eight-figure cash ahead of his proposed £90m takeover of Sheffield United to aid the club’s financial situation as they push for promotion back to EPL.
He has already injected some money into the club in bid to resuscitate them out of their dire financial mess as he looks to complete the takeover.
The Nigerian billionaire who made his fortune in technology and co-founded Tingo Mobile is currenlty valued at around £6billion as his networth.
As reported, Dozy Mmobuosi is hopeful of completing a £90million takeover of the Blades from Prince Abdullah in the coming weeks.
In their strive for promotion back to the English top flight competition, the club’s perilous financial position has seen Mmobuosi committed to funding Paul Heckingbottom’s side.
Total figure of funds are believed to be in excess of £10million, paid in instalments, which covers running costs including player wages and remaining on top of routine bills.
It is also thought to make sure they keep up with payments on previous transfers including to Genk for Sander Berge and Liverpool for Rhian Brewster.
Defaulting on transfer payments contributed to the EFL handing down a transfer embargo.
Sheffield United’s financial situation has proven a major issue at the club all season with a very real fear of administration, which would incur a 12-point deduction.
Mmobuosi is understood to have instructed the club to keep both Berge and Iliman Ndiaye on deadline day, with the pair subject of interest from top-flight clubs.
His takeover at Bramall Lane is pending EFL approval as reported by Dailymail sports.
Sheffield are currently second in the Championship and 12 points clear of third-placed Middlesbrough before tommorow’s game against Rotherham United.
Copyright 2021 @ The Athletic NG. Permission to use quotations from this article is granted subject to appropriate credit being given to https://www.theathletic.com.ng/ as the source.
