Nigerian Billionaire, Mmobuosi, Nears £90m Takeover Of Sheffield United

A Nigerian billionaire, Dozy Mmobuosi, is on the verge of completing a £90 million takeover of Sheffield United FC in the UK.

Times UK reported that Mmobuosi’s acquisition of the club is in the final stages and would be a huge financial ease for United, who are currently battling a transfer embargo.

Although Mmobuosi’s purchase is still subject to the English Football League (EFL) owners’ and directors’ test, it is believed that “no problems have arisen” so far.

Abdullah bin Al Saud, United’s current Saudi owner, has been willing to sell the club following his struggle to maintain the funding needed to keep the team going.

Mmobuosi’s Tingo mobile, an Agric-fintech company founded in 2001, is valued at around £7 billion.

The 43-year-old has also invested in Nigerian local football. In 2022, he financed a pre-season tournament between Nigeria Professional Football League (NPFL) clubs and Shooting Stars won the N100 million prize of the competition.