Sheffield United FC Ownership: Nigerian Billionaire, Dozy Mmobuosi, Makes Payment to Acquire the Club.

Sheffield United FC Ownership: Nigerian Billionaire, Dozy Mmobuosi, Makes Payment to Acquire the Football Club.

Nigerian billionaire and tech entrepreneur Dozy Mmobuosi has made a deposit as part of his moves to purchase EPL League side, Sheffield United Football Club. The deal is reported to be worth an estimated 90 million pounds ($111million or N50 billion).

Mmobuosi is an accomplished entrepreneur and leader who has established a number of successful tech businesses, such as Tingo International Holdings INC, Tingo INC, and Tingo Mobile Plc. Among his digital products, Tingo Pay and Nwasa (Tingo Mobile’s digital agri-marketplace platform which gives farmers access to weather forecasts) are the most well-known.

He has been a driving force for positive change in Nigeria and Africa, with his Dozy Mmobuosi Foundation dedicated to furthering the development of the continent and championing an environment where African people can excel.

Prior to purchasing Sheffield, Mmobuosi has invested in several football teams including Nassarawa United, and has sponsored several prizes in the Nigerian Professional Football League (NPFL). He also has put money into scouting, training, and talent development programs for local teams.

In a statement during an interview with CNN earlier this week, Mmobuosi said he is fully ready to take over the club as its new owner and that he dreams to bring in best managers and ensure that Africans and people of every race are welcomed into the club without discrimination.

"I believe in diversity, so it's not a black thing. You know, we have to consider all races. But there will be a good level of diversity introduced maybe for the first time. I'm doing this for my continent, and I won't let my own continent down," Mmobuosi told CNN.

He also expressed his desire to make the club one of the most successful and to make the fans proud.

Nigerian Billionaire, Dozy Mmobuosi, buys Sheffield FC

Mmobuosi is the latest in a long line of foreign owners of English football clubs, following in the footsteps of UAE-based Sheikh Mansour at Manchester City and American businessman Stan Kroenke at Arsenal. He is also the first Nigerian owner of a Premier League team.

Upon completion of the deal and passing English Football League(EFL) Test, Mmobuosi would become the first Black majority and second African owner of a club in the England's top two professional leagues, after Egyptian billionaire Nassef Sawiris, who owns a stake in Aston Villa.

The purchase comes at a time when the club is in financial battle, and Mmobuosi will be hoping to turn their fortunes around. BBC reports that Mmobuosi's assumption of the club's ownership position will help lift the recent transfer embargo by settling the club’s debts.

He has made it clear that he intends to invest heavily in the club and has already identified a number of potential new signings. The news has been welcomed by fans of the club who are hoping for a brighter future under the new ownership deal.

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