Sheffield United are closer than ever to a takeover from Dozy Mmobuosi after a full review of his company finances was revealed today.
The Times – who initially broke the news that Mmobuosi was the buyer for United – has reported that the takeover is now closer than it ever has been.
Mmobuosi, who is trying to buy United for around £115m, had hired world renowned finance company Deloitte to audit and fine tooth comb his and his company’s finances. And on the most basic of levels, it appears to be good news for Mmobuosi and Sheffield United.
Audit
As reported in The Times, the financial results from Deloitte make good reading for a man trying to prove he has the money to buy and subsequently run Sheffield United.
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Headline figures from the audits reveal Mmobuosi’s company, Tingo Group, has shown significant revenues. It’s claimed the company has a $500m (£400m) cash balance while showing revenues of just shy of the £1bn mark.
Further, Tingo Mobile was believed to be valued at close to the £6bn mark just last year.
Mmobuosi is reported to have already put in around £10m to the club. He remains confident of satisfying the EFL’s fit and proper person’s tests and said on the investors call with Tingo that he hoped to have some positive news to announce soon.
Sheffield United News View: Ball now in EFL’s court
It’s important to state this doesn’t mean the EFL are now suddenly going to jump and approve the takeover in full.
Clearly, the EFL have some questions they want answering and at the moment, they obviously don’t have the answers.
But this does at least show Mmobuosi’s companies to have some air of credibility behind them after a few months of different outlets trying to play down his ambitions.
Time will tell, but it does seem like the ball is in the EFL’s court right now. Hopefully, as Mmobuosi says, there is a decision to come very soon.
