Nigerian billionaire, Dozy Mmobuosi’s £115m Sheffield United takeover set to collapse amid claims he already invested £9m to help the cash-strapped club meet their financial targets
Nigerian businessman, Dozy Mmobuosi’s £115million takeover of Sheffield United is reportedly set to collapse amid claims the tycoon forked out £8.7million to support the financially-stricken club.
According to Mail Online, Mmobuosi’s relationship with the club’s current owner, Prince Abdullah, has broken down to such an extent that the ownership deal for the Championship side is in major jeopardy.
The African tycoon is said to have pumped close to £9million into the Bramall Lane club since November to help the cash-strapped Blades fulfil their financial obligations on the expectation his protracted buy-out would be ratified early in 2023.
However, Mmobuosi is now effectively at war with Prince Abdullah amid assertions he made substantial cash deposits in good faith to help preserve the club’s future.
It is claimed that on November 18, 2022, Mmobuosi and Prince Abdullah shook hands on a deal for the club worth £115m at London’s Dorchester Hotel.
As proof of his intentions, Mmobuosi is believed to have immediately transferred £1million.
Three days before Christmas, he is said to have made a further £6.5million payment to help them avoid administration, an advance made on the proviso that the sale would be confirmed early in 2023.
It is also claimed that on January 24, 2023, Mmobuosi paid an extra £1.2million after the club pleaded with him to settle their HMRC bill which sources have indicated helped the Blades lift the transfer embargo placed on them in January.
However, United insiders insist the lifting of the embargo is not related to Mmobuosi’s takeover, but because of money raised from their FA Cup run and renegotiated transfer deals.
The cash injections made by Mmobuosi is understood to have been paid into United’s holding company, and not directly into club accounts.
There have been reports in the previous 24 hours indicating Prince Abdullah is now open to listening to alternative offers for United.
