A acquisition of Sheffield United by Nigerian businessman Dozy Mmobuosi is currently in the planning stages.
Prince Abdullah, the owner of the Championship promotion contenders, has spoken with Mmobuosi, the founder and Group CEO of Tingo Inc, the parent firm of Tingo Mobile.
Eight months after American investor Henry Mauriss’ unsuccessful takeover attempt of the Yorkshire club, negotiations with the Nigerian, who is worth $7.6 billion (£6.2 billion), are taking place.
Purchasing the Bramall Lane club is reportedly “at an advanced stage,” according to those close to Mmobuosi, who founded Nwassa, Africa’s top Agri-Fintech firm and digital platform.
Farmers may access weather forecasts, market data, and Tingo Pay payment options through Nwassa, Tingo Mobile’s digital agri-marketplace platform.
The 43-year-old African internet entrepreneur would be able to purchase the Blades for $108 million (£90 million) if he passed the English Football League’s owners and directors test. By paying off the club’s debts, this would assist break the current transfer embargo.
Mmobuosi, a supporter of technological development in Africa and beyond, identifies on his Twitter feed as an author and a technology entrepreneur.
He has generously supported scouting operations, training programs, and talent management for Nigeria’s top division team Nasarawa United because he is eager to acquire a club in the United Kingdom.
Shooting Stars of Ibadan were declared the victors of the inaugural “Super Cup Tournament” for teams in the Nigeria Professional Football League (NPFL) in December 2022 thanks to funding provided by his “Dozy Mmobuosi Foundation.”
A second Egyptian, Mohamed Al-Fayed, bought Fulham in 1997 for an estimated £30 million, and with his financial support, the London club was able to go from the second tier of English football to the first flight and into Europe.