A £90 million takeover of an English club is reportedly just a few steps away from being completed by an African billionaire.
Daily Mail reports that an unknown African businessman is close to buying English Championship team Sheffield United in a transaction estimated to be worth £90 million.
Sheffield United will be unable to sign new players for the next 18 months after failing to meet signing payment instalments.
This included payments to Liverpool for forward Rhian Brewster, who was signed for £23.5 million in October 2020.
According to the Daily Mail, an unnamed African millionaire has made a £90 million buyout approach for Sheffield United.
The prospective party wishes to buy the club from its present Saudi owner, Prince Abdullah.
Last year, American Henry Mauriss was on the verge of purchasing the club, but the deal fell through after he failed the EFL’s test.
The latest African bid, on the other hand, is considered as far more practical.
The financial stability of Sheffield United will determine whether they are compelled to sell important players.
Fulham have been linked with a £20 million return to the Premier League for Sander Berge.
Additionally, an astounding 15 players might leave for free in the summer.
The club’s top players, including Oliver Norwood, Wes Foderingham, Oli McBurnie, and Billy Sharp, plan to leave.
