Prospective new Sheffield United owner Dozy Mmobuosi has paid an eight-figure sum of money into the club to help pay off transfer instalments that were due and to also help fend off the threat of potential administration, according to the Daily Mail's Jack Gaughan.

The Nigerian billionaire, who is the founder of Agri-Fintech company Tingo in his home nation of Nigeria, is hoping to be given EFL approval in the coming weeks to purchase the Blades after agreeing a £90 million deal with current owner Price Abdullah.

The identity of United's mystery bidder has been shrouded in mystery in recent weeks, but Mmobuosi's name has finally emerged and he looks to be closing in on a deal for the Championship promotion chasers.

It comes at a time where the South Yorkshire outfit appear to be struggling financially - something which was made evident when they were placed under a transfer embargo two weeks ago relating to non-payments of transfer instalments.

 

 

 

 

A potential sale of Sander Berge before deadline day on Tuesday to combat this failed to transpire, but it now looks like the club have their solution to lift the embargo in the form of Mmobuosi's cash injection.

And per Gaughan's report, the club have feared administration and a 12-point deduction should a takeover not arise, but the eight figures that have been put into United before the Nigerian's takeover becomes official will help bat away that threat.

The Verdict

If some Sheffield United fans were concerned about Mmobuosi or had some doubts, then this should quell them.

The tycoon is clearly quite serious about his bid to take over the club from Prince Abdullah, and if all goes to plan he will be a Premier League owner in a few months time.

It was important though in the short-term for United's place in the top two to be secure, and if administration had to be called for as the money from the current Saudi owner has clearly ran out, then suddenly the Blades are dragged back into the battle for second place with the chasing pack.

Mmobuosi has helped out massively, and now the next step is to gain the EFL's backing for his takeover to become a reality.