sport news Questions raised about wealth of potential new Sheffield United owner after ... trends now
Mystery surrounds the wealth of Sheffield United's proposed new owner after it emerged that the value of his tech company plummeted by around $8billion (£6.7billion) in the past year.
Dozy Mmobuosi has been described as a billionaire whose reported £90million takeover of the stricken Championship club could rescue them from financial dire straits.
The club are second in the Championship, 10 points clear of the play-offs as it currently stands, but they are facing an 18-month transfer embargo after defaulting on a transfer payment to another club.
Mmobuosi's takeover, which is currently be going through the Football League's owners and directors' test, was said to be crucial to the team's future with promotion a distinct possibility.
However, the stock market value of the Nigerian businessman's company Tingo has nose-dived from around $8.3billion in February 2021 to $430million – a drop