Sheffield United won promotion back to the Premier League, but there was no sign of prospective new owner Dozy Mmobuosi, who has been in talks to take over at United since December. Tingo Mobile and Tingo Foods CEO and founder, Dozy, has yet to be ratified by the EFL (English Football League), with present owner, Prince Abdullah, remaining in charge.
It was suggested that the takeover attempt has hit the buffers. Nigerian-born Mmobuosi appeared to hint that his attempts to take charge of the Yorkshire club are coming to an end. In his message, the businessman said he was looking forward to seeing how United get on in the Premier League next season.
Mmobuosi, 43, is reported to be ready to walk away, with the Premier League returnees believed to be moving on as well. It appears that he apparently paid around £9m into the club so far, but he has failed to produce what the EFL has wanted. With the Blades now promoted, the asking price might have just gone up that bit more.
He did, however, say: "With the major steps we have taken in recent months to capitalize on our merger and the company’s Nasdaq listing, we are confident we can build significantly on the revenue and earnings growth we achieved in 2022 and deliver considerable value to our shareholders."
Tingo Mobile's revenues for the year were $146.0m, compared to $55.7m the previous year - an increase of 162%. Gross profit for the full year was $64.8m, compared to $9.2m. Tingo Foods, which forms part of the Tingo Group enterprise, through a joint venture recently committed to fit out and operate a $1.6bn state-of-the-art food processing facility in the Delta State of Nigeria, which is believed to be the largest of its kind on the African continent.
All that said, in some quarters, it has been hinted that Prince Abdullah may remain as the Sheffield United owner after the two had talks prior to the FA Cup semi-final defeat to Manchester City.
