Nigerian billionaire Dozy Mmobuosi proposed £90m to takeover Sheffield United

Nigerian billionaire Dozy Mmobuosi provides eight-figure cash injection ahead of his proposed £90m takeover of Sheffield United to aid the club's financial situation.

Tech guru, Dozy Mmobuosi has reportedly provided an eight-figure cash injection to stave off the threat of administration ahead of his proposed £90m takeover of Sheffield United

Mmobuosi, who made his fortune in technology and co-founded Tingo Mobile, is hopeful of completing a £90million takeover of the Blades from Prince Abdullah in the coming weeks.

According to Mail Online, Mmobuosi has committed to funding the club due to their perilous financial position as Paul Heckingbottom’s side strives for promotion back to the Premier League.

The funds are believed to be in excess of £10million, paid in instalments, which covers running costs including player wages and remaining on top of routine bills.

It is also thought to make sure they keep up with payments on previous transfers including to Genk for Sander Berge and Liverpool for Rhian Brewster.

Mmobuosi is understood to have instructed the club to keep both Berge and Iliman Ndiaye on deadline day, with the pair subject of interest from top-flight clubs.

His takeover at Bramall Lane is pending EFL approval.