Dozy Mmobuosi: Nigerian Billionaire Worth £7Billion Close To Buying English Football Club, Sheffield Wednesday

| How Africa News
Dozy Mmobuosi



Dozy Mmobuosi, a Nigerian billionaire, is closing in on a deal to buy Sheffield United for around £90 million, despite the club’s recent transfer embargo.

According to The Times, Mmobuosi is in the final stages of purchasing the Bramall Lane club. The prospective buyer is still expected to pass the EFL’s owners’ and directors’ test, but ‘no problems have arisen’ thus far.

The Blades have been linked to a sale for some time, with current owner HRH Prince Abdullah bin Musa’ad bin Abdulaziz Al Saud struggling to keep the club afloat, according to The Mirror. Last year, the club’s hierarchy accepted a bid from American businessman Henry Mauriss, who had previously been linked with taking over Newcastle.

According to The Sheffield Star, Mauriss’ proposed takeover of the Blades fell through due to the complex financial structure he was using to try to purchase the Yorkshire club. It means that Sheffield United are still looking for a new owner, and it has been reported that Mmobuosi is behind this bid.

Mmobuosi first made his mark on the world when he founded Tingo Mobile PLC in Nigeria in 2001, and the company has grown since then. In 2021, he established his own foundation to “promote the progress of Africa and create an environment in which Africans can thrive,” with a focus on improving education, healthcare, and information technology development in his home country.

The 43-year-old Nigerian businessman graduated from Ambrose Alli University in Ekpoma, Edo state, South-South Nigeria, with a Bachelor of Science degree in Political Science and a Master of Science degree in Economics.

He also holds a doctorate in Rural Advancement from Universiti Putra Malaysia and has recently completed an Advanced Management and Leadership Programme at the University of Oxford’s Sad Business School.

He is worth around £7 billion and could give the Blades new financial hope after spending just under £4 million in transfer fees since last January. The Blades are currently subject to a transfer embargo after failing to make a payment to another club. The EFL confirmed on its website that their issue is related to the non-payment of an owed transfer fee.


Written by How Africa News

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