Sheffield United Takeover Bid: Is Dozy Mmobuosi’s Wealth All Smoke and Mirrors?
Questions remain to abound in regard to the financial standing of Dozy Mmobuosi, set to be the new owner of Sheffield United. Described as a billionaire, reports have surfaced casting doubt on the Nigerian businessman‘s true wealth.
It has been revealed that his tech company Tingo has lost a staggering $ 8 billion (£ 6.7 billion) in the past year, dropping from an estimated $ 8.3 billion to a mere $ 430 million. With Mmobuosi being the sole founder and Group Chief Executive Office of Tingo Inc, and no other sources of wealth, questions have arisen surrounding his eligibility for the EFL‘s Owners‘ and Directors‘ Test.
The Athletic reported that Mmobuosi is also the director of an airline with no record of any Tingo Airlines flight, and the airline is now facing a proposal to be struck off at Companies House. Despite reports last week of no concerns arising in due diligence, Sheffield United have yet to comment on the takeover.
As of now, United are second in the Championship, 11 points clear of third–placed Middlesbrough due to their superior goal difference, and with a game in hand. With 17 matches left, the Blades are in a prime position to secure automatic promotion. The team face non–league Wrexham in an FA Cup fourth-round replay tomorrow night.