African Billionaire Re-Ignites Interest in Buying Arsenal.


Nigerian businessman and Africa's richest man, Aliko Dangote has once again revealed his intention of buying Arsenal Football Club.

This is not the first time Dangote has made such a revelation. In the year 2010 when Lady Nina Bracewell-Smith was selling out her shares, Dangote showed interest but was unsuccessful as other top shareholders like Kroenke were willing to increase their stock at the club.

As we speak, majority shareholder, Stan Kroenke and Alisher Usmanov are not willing to sell out their shares to anyone and as such, Dangote who is worth about £10billion may have to wait for another time.

Dangote who currently runs investments in sugar, oil, cement, rice, flour, spaghetti etc is however not giving up on his dream as he believes he can still take over Arsenal someday.

Speaking to Bloomberg, he said: "I still hope, one day at the right price, that I will buy the team. I might buy it, not at a ridiculous price but a price that the owners won't want to resist. I know my strategy."

Dangote then stated that he has not yet made any official bid to acquire the North-London club and would not do that in the near future because he first has to put some things in place.

"We have 16 billion dollars-worth of investments in the next few years," he added.

"Right now I want to take my own business to a certain level. Once I finish on that trajectory, then maybe."

Dangote is an Arsenal fan and like every other Gunner, he wants more from the club. He therefore urged Arsene Wenger to consider changing some of his policies to enable the club achieve more.

"Wenger needs to change his style a bit. They need new direction", he said.

Dangote is the 67th richest in the world according to Forbes' latest rankings. The 58-year-old Kano state indigene was also named Africa Person of the Year 2014 by Forbes. He is the Chairman and CEO of Dangote Group, a diversified conglomerate with interests in cement, sugar, flour, salt, pasta, beverages and real estate.
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