Dozy Mmobuosi has met with the English Football League for talks about buying Sheffield United, according to Sky Sports reporter Kaveh Solhekol.
The Nigerian billionaire was linked with interest in the Championship club last month.
However, doubts emerged over the authenticity of some of his businesses and whether he can complete a takeover.
It was discovered that an airline company Mmobuosi claims to own has never operated a commercial flight.
He issued a statement to clear the air and could soon start the English Football League’s Owners’ and Directors’ Test.
The Tingo mobile owner is ready to comply with the process as he is keen on buying the Blades.
Having seen clubs go bust due to mismanagement and unscrupulous ownership, the EFL will be wary before approving a deal.
They want questions answered before ratifying a sale and will be thorough with their investigations.
If approved, Mmobuosi will be eager to complete the £90m deal, with Blades owner Abdullah bin Musaid Al Saud ready to do business.
The Bramall Lane club were linked with new owners last year.
However, Henry Mauriss could not pass the EFL test, and the takeover fell through.
United are eyeing Premier League promotion, with the team second in the Championship after 37 games.
There are nine fixtures left in the campaign, and Paul Heckingbottom’s side will look to keep their automatic promotion berth.
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