Billionaire tech entrepreneur, Dozy Mmobousi is making moves to buy English football club, Sheffield United, thereby relieving them of their financial crisis.
Sheffield United was hit by a transfer embargo amid financial difficulties. The embargo means that they will not be able to buy any players for the next 18 months and this has put them in a tight spot.
Dozy Mmobousi is the owner of Tingo, a company valued at around £7 billion. He is a 43-year-old Nigerian businessman born in Lagos. He completed his advanced management and leadership program at Said Business School, University of Oxford. His company is an Agri-Fintech company that helps farmers mainly in Africa and also around the world to manage their sales using smartphones. It was established in 2001. He is also a consultant to other big companies.
Sheffield United hopes to get promotion back to the Premier League but due to their current financial situation, a lot of odds are against them. Dozy Mmobuosi’s takeover of the club means that Sheffield will be able to pay off some of their debts and subsequently be able to gain promotion back to the Premier League. They will also not have to sell off their good players.
Currently, Dozy’s proposal is undergoing EFL Owners’ and Directors’ tests. This will determine whether he is eligible to purchase the club.