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African Billionaire Move To Take Over English Club

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First with the News

African Billionaire Move To Take Over English Club

February 2, 2023
in Sports, Top Stories
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By Victor Kanayo 

An African billionaire whose identity is not yet known is reportedly making moves to take over Sheffield United.

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The deal according to Daily Mail, is worth £90million.

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Also, the Times report that the buyer is the subject of the EFL’s owners’ and director’s’ test at present but no problems have been flagged so far.

Currently second in the Championship table, they trail leaders Burnley by five points but have a 12-point cushion to Middlesbrough in third with a game in hand.

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 – though the identity of the prospective new owner remains a secret.

United are also reportedly trying to renegotiate the structure of payments to Swedish club Malmo for the Bosnian defender Anel Ahmedhodzic, who moved last summer.

The embargo was imposed as Prince Abdullah, the club’s present Saudi owner, was close to selling the South Yorkshire club.

The uncertainty over finances led to reports, the Blades would be forced to sell star midfielder Sander Berge during the January transfer window to raise funds.

The Norwegian was linked with a £20m move to either Newcastle or Fulham but the fact United held on to him is regarded as a sign their financial issues will be resolved imminently.

Sheffield United are also in the possibly perilous position of losing 15 players for nothing this summer when their contracts expire.

Oliver Norwood, Wes Foderingham, Oli McBurnie and Billy Sharp; are among the big names set to leave the club for nothing this summer.

Africa’s richest man, Aliko Dangote, had in the past, disclosed his desire to buy Arsenal, a top English Premier League side currently number one on the log.

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