African billionaire close to buying Sheffield Utd

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Sheffield United
Sheffield United

Sheffield United are set to change hands.

The Times says Sheffield United are close to being bought out by an African billionaire in a deal worth £90million.

The Blades are pushing for promotion back to the Premier League this season but were hit by a transfer embargo last month amid financial difficulties.

However, their problems are reportedly about to be eased by the takeover – though the identity of the prospective new owner remains a secret.

The buyer is the subject of the EFL’s owners’ and directors’ test at present but no problems have been flagged so far.

They say that the embargo, which prevents them buying a player for the next 18 months unless they win promotion, was imposed because the Blades failed to keep up payment instalments on signings.

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