Nigerian tech startup founder about to buy Sheffield Utd

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cchinukw
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Nigerian tech startup founder about to buy Sheffield Utd

Post by cchinukw »

Potential Sheffield United owner Dozy Mmobuosi hires Deloitte to audit his companies... as the Nigerian IT magnate seeks further credibility in his bid to buy Blades
By Jack Gaughan for the Daily Mail
17:52, 19 Mar 2023 , updated 22:36, 19 Mar 2023

The world-renowned firm are combing through the Nigerian's Tingo Group
Financial results are expected in coming weeks, revenues likely to exceed €1B

The EFL's Owners' and Directors' tests have been ramped up in recent years
Prospective Sheffield United owner Dozy Mmobuosi has brought in Deloitte to independently audit his group of companies.

The world-renowned auditing firm are combing through the Nigerian's Tingo Group, which should offer further credibility to his bid to purchase the Championship side.

Mmobuosi's proposed takeover is with the EFL, who asked for more information on his attempted buyout last month are considering answers sent within 48 hours of the request before deciding whether to ratify a sale.


Tingo's financial results are expected in the coming weeks and revenues are likely to exceed €1billion. Deloitte's involvement is sure to be of interest to EFL's governance team, as well as chief executive Trevor Birch and chairman Rick Parry.

The EFL's Owners' and Directors' tests have been ramped up in recent years and the league are using more stringent measures to vet potential custodians, with no decision yet made on Mmobuosi's deal.


Image
Potential Sheffield United owner Dozy Mmobuosi (left, with former world heavyweight champion boxer Anthony Joshua) has hired Deloitte to audit his companies

The Blades cannot afford the takeover situation to linger for too much longer though, with serious concerns over their financial future – despite the club's excellent season on the pitch.

Guide to FIFA 2026 World Cup in US,Canada and Mexico
Paul Heckingbottom's side – second in the Championship - booked a place in the FA Cup semi-finals with a pulsating 3-2 victory over Blackburn Rovers at Bramall Lane via Tommy Doyle's stoppage-time winner.

Doyle, on loan from Manchester City, said: 'The goal is up there, definitely, with the special meaning attached to it. It means a lot.'

Doyle's grandfathers, Mike Doyle and Glyn Pardoe, both lifted the FA Cup with City in 1969. 'I want to create my own history,' Doyle said. 'We are in the process of doing that at the moment, which is a great feeling so hopefully we can go and win at Wembley.

'The fans deserved it. They were amazing, they helped us so much during the bad times we had in the game. When you are behind and have got them backing you it is hard not to go and produce and we did that.'

Heckingbottom revealed that he genuinely believed last summer that there was enough in his squad to go and achieve major honours this season.

I'm really focused on us achieving something, not just earning some credit,' he said. 'It's a big thing with the journey we've been on. It's extending the journey. It could be an unbelievable season. Everyone should enjoy it.

To reach April with a chance of automatic promotion and still be in the FA Cup is credit to everyone.'

https://www.dailymail.co.uk/sport/footb ... anies.html
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Re: Nigerian tech startup founder about to buy Sheffield Utd

Post by Damunk »

cchinukw wrote: Mon Mar 20, 2023 9:56 am Potential Sheffield United owner Dozy Mmobuosi hires Deloitte to audit his companies... as the Nigerian IT magnate seeks further credibility in his bid to buy Blades
By Jack Gaughan for the Daily Mail
17:52, 19 Mar 2023 , updated 22:36, 19 Mar 2023

The world-renowned firm are combing through the Nigerian's Tingo Group
Financial results are expected in coming weeks, revenues likely to exceed €1B

The EFL's Owners' and Directors' tests have been ramped up in recent years
Prospective Sheffield United owner Dozy Mmobuosi has brought in Deloitte to independently audit his group of companies.

The world-renowned auditing firm are combing through the Nigerian's Tingo Group, which should offer further credibility to his bid to purchase the Championship side.

Mmobuosi's proposed takeover is with the EFL, who asked for more information on his attempted buyout last month are considering answers sent within 48 hours of the request before deciding whether to ratify a sale.


Tingo's financial results are expected in the coming weeks and revenues are likely to exceed €1billion. Deloitte's involvement is sure to be of interest to EFL's governance team, as well as chief executive Trevor Birch and chairman Rick Parry.

The EFL's Owners' and Directors' tests have been ramped up in recent years and the league are using more stringent measures to vet potential custodians, with no decision yet made on Mmobuosi's deal.


Image
Potential Sheffield United owner Dozy Mmobuosi (left, with former world heavyweight champion boxer Anthony Joshua) has hired Deloitte to audit his companies

The Blades cannot afford the takeover situation to linger for too much longer though, with serious concerns over their financial future – despite the club's excellent season on the pitch.

Guide to FIFA 2026 World Cup in US,Canada and Mexico
Paul Heckingbottom's side – second in the Championship - booked a place in the FA Cup semi-finals with a pulsating 3-2 victory over Blackburn Rovers at Bramall Lane via Tommy Doyle's stoppage-time winner.

Doyle, on loan from Manchester City, said: 'The goal is up there, definitely, with the special meaning attached to it. It means a lot.'

Doyle's grandfathers, Mike Doyle and Glyn Pardoe, both lifted the FA Cup with City in 1969. 'I want to create my own history,' Doyle said. 'We are in the process of doing that at the moment, which is a great feeling so hopefully we can go and win at Wembley.

'The fans deserved it. They were amazing, they helped us so much during the bad times we had in the game. When you are behind and have got them backing you it is hard not to go and produce and we did that.'

Heckingbottom revealed that he genuinely believed last summer that there was enough in his squad to go and achieve major honours this season.

I'm really focused on us achieving something, not just earning some credit,' he said. 'It's a big thing with the journey we've been on. It's extending the journey. It could be an unbelievable season. Everyone should enjoy it.

To reach April with a chance of automatic promotion and still be in the FA Cup is credit to everyone.'

https://www.dailymail.co.uk/sport/footb ... anies.html
Dem never check finish?
This story broke about a month ago….
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