Sheffield United could return £10 million to Nigerian businessman charged with fraud

Sheffield United FC is facing a financial predicament that could see the club having to repay a substantial sum of £10 million that was invested by Nigerian businessman Dozy Mmobuosi last year.

The failed takeover bid by Mmobuosi has left the Blades in a precarious position, with the looming threat of having to reimburse the significant financial injection if he is found guilty of fraud charges in the United States.

The cash-strapped club has been issued a stern warning by legal representatives, indicating that they may be required to repay the £8.85 million investment, plus accrued interest, should Mmobuosi be convicted of the fraud charges brought against him.

This financial setback comes at a challenging time for Sheffield United, with the team facing the imminent prospect of relegation from the Premier League, a scenario that could potentially cost the club a staggering £100 million.

Legal advisors have emphasized the potential financial implications for the club, stating, “Should the charges prove to be accurate, up to £8,850,000 plus interest could potentially be recovered from the club.”

The uncertainty surrounding Mmobuosi’s legal situation, compounded by his sudden disappearance from his opulent London residence in January following the charges levied against him in the US, has cast a shadow of financial uncertainty over Sheffield United.


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