Sheffield United are at risk of returning a £10 million investment made by a Nigerian businessman, Dozy Mmobuosi, who is now facing fraud allegations.
The struggling English side have been reportedly cautioned by legal advisors that they may have to repay £8.85 million plus interest if Mmobuosi is convicted of fraud charges brought against him in the United States.
The financial issue adds to the club’s woes as they face relegation from the Premier League
If the Blades relegate, it will plunge them into further financial crisis, and will see them run loss of a staggering £100 million, UK Sun Sport reports.
Meanwhile, no trial date has been set yet for Mmobuosi, who has reportedly vanished from his lavish London home since January, following fraud charges filed against him by US authorities after an FBI investigation.
Mmobuosi, 45, had previously expressed interest in investing in other Premier League clubs, including Crystal Palace and Southampton, and was once seen as a potential saviour for Sheffield United with his proposed £115 million takeover bid.
While reports reveal he had reached agreements with Sheffield’s owner, Prince Abdullah, and claimed to have paid a deposit, the English Football League (EFL) sought further clarification from him and the club, leading to the breakdown of negotiations between the Prince and the Nigerian businessman.
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