Nigerian billionaire Dozy Mmobuosi is 'closing in on a £90m takeover of Sheffield United' with the promotion-chasers under a transfer ban after struggling to keep up with payments to Liverpool for £23.5m Rhian Brewster

*Sheffield United are reportedly close to being bought by a Nigerian billionaire
*But the takeover is believed to be close in timely easing of club's financial issues
"EFL placed them under a transfer embargo after they failed to make payments

Sheffield United are reportedly close to being bought out by Nigerian billionaire Dozy Mmobuosi in a deal worth £90million.

The Blades are pushing for promotion back to the Premier League this season but were hit by a transfer embargo last month amid financial difficulties.

However their problems are reportedly about to be eased by the takeover by Mmobuosi, a Nigerian tech entrepreneur whose company Tingo has been valued at around £7billion.

The Times report that Mmobuosi is the subject of the EFL's owners' and directors' test at present but no problems have been flagged so far.

They say that the embargo, which prevents them buying a player for the next 18 months unless they win promotion, was imposed because the Blades failed to keep up payment instalments on signings.

This included payments to Liverpool for forward Rhian Brewster, who was signed in October 2020 for £23.5m but has failed to live up to expectations or his price tag.

It has been established and it's a fact that the West had engaged in pre colonial, colonial and post colonial exploitation of African resources. The US/West exploits the world through various clandestine activities but most especially it's currency. The economic disparity between the collective west and developing countries can be considered an exploitation or rebranded slavery. The legal minimum wage for jobs in most western countries is the equivalent of $10/hr. For illustration, A factory worker in the US/west earns $15/hr, 8 hours per day in a 5 day work week = about $500 weekly. In 2 weeks time, this factory worker would be able to save about $1000 for a tech product (let's say an iPhone).... I know this worker will have other needs but this is just for illustration. Meanwhile, a factory worker in Nigeria working 8 hours a day..maybe 10K a day ..in a 5 day work week would earn like 50K naira weekly...in 2 weeks, that's 100K naira (less than $250 as of today). Both had the same labour input but the Nigerian was exploited by the hegemon. The West influenced the politics of Africa. Most African countries are still under defacto colonialism. The Western interference in our domestic politics allows them install puppets('African leaders') who in turn give the colonizers a free hand to loot our resources. We can take advantage of the rivalry between the West and East and use it to our own benefit.

YinkaOlusesi16:
They can all afford it.

Owaincouncil:
Obi will use it to campaign