Who is Dozy Mmobuosi? African billionaire profiled amid Sheffield United takeover reports

The African billionaire has been named as the club’s potential buyer after current owner Abdullah bin Musaid Al Saud listed the club for sale amid recent financial difficulties.

The African billionaire that is attempting a £90 million takeover of Sheffield United is believed to be Dozy Mmobuosi, a Nigerian technology entrepreneur worth over £7 billion according to Times reporter Matt Lawson.

The Blades have been in a dangerous financial situation for a while and were slapped with a transfer embargo last month after they failed to pay another club money owed for a player.

Current owner Abdullah bin Musaid Al Saud has put the club up for sale and according to a report by the Times earlier today, Mmobuosi is in the ‘final stages’ of acquiring the Yorkshire side.

READ MORE: Sheffield United’s £90m takeover by anonymous African billionaire reportedly ‘close to completion’

But Blades fans would be forgiven for not being familiar with Mmobuosi and his past dealings. So here is all the information you’ll need on Sheffield United’s potential buyer.

Who is he?

Dozy Mmobuosi first made his mark on the world when he founded a company called Tingo Mobile PLC in Nigeria in 2001, an Agri-Fintech company that aims to help farmers mainly in Africa, but also around the world, manage their sales using smartphones.

Following the success of that business, he designed and launched Nigeria’s first SMS Banking Solution called ‘Flashmecash’, which was later sold to FMCB, a Chartered Accountants company in London, where it is still used in the modern day.

Since then, he’s set up two mobile phone assembly facilities in Nigeria to help the local population gain access to the Internet and smartphones, and has become an advisor to numerous large organisations to help ‘steer the strategy and design of business plans (investments, acquisition, and organic growth) into new global markets’ according to Concordia’s website.

Mmobuosi has also set up philanthropic endeavours to stop Climate Change and to promote Food Security, the idea that anyone can get safe, healthy, nutritious food anywhere in the world regardless of status.

He created his own foundation in 2021, the Dozy Mmobuosi Foundation, that aims to “promote the progress of Africa and create an environment where Africans can thrive” where he focuses on improving education, entrepreneurship, healthcare and Information Technology development in his home country.

What would his takeover mean for the club?

Mmobuosi’s takeover of the club would be huge for their promotion chances, as Paul Heckingbottom’s side look to climb back to the promised lands of the Premier League.

Firstly, the guarantee of good backing would mean that they wouldn’t have to sell their promising talents and experienced squad members to help balance the books and avoid debt.

It’d also mean that the club would stand a good chance of solid investment in the summer transfer window if they do clinch a place in England’s top-flight next season, setting them up well for what could be an even better campaign than this year’s effort.

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