Africa’s richest man Aliko Dangote Still Wants To Buy Arsenal Club
Africa’s richest man Aliko Dangote, who has an estimated fortune of £10bn, is reportedly keen to buy Arsenal.
A leading African businessman has been urged NOT to splash his cash and buy Arsenal. Africa’s richest man, Aliko Dangote, has renewed debate about his interest in purchasing top English football club Arsenal.
Aliko Dangote said earlier this month he still hoped to purchase a controlling stake in the Gunners, despite having interest rebuffed in 2010.
“I might buy it, not at a ridiculous price but a price that the owners won’t want to resist,” he continued, before ominously adding, “I know my strategy.”
The Nigerian billionaire told Bloomberg last week that he still had “hopes” of buying the London-based side “one day”, even though he was turned down by the owners back in 2010.
The north London club is currently controlled by US billionaire Stan Kroenke, and Uzbek billionaire Alisher Usmanov also owns just under a third of the club.
Dangote’s entrepreneurial skills have helped make him Africa’s richest person, with cement plants opened or under construction in countries such as Senegal, Ethiopia and South Africa. His industrial conglomerate is estimated at $18bn (£11.7bn), whilst Arsenal are thought to be worth $1.49bn.
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.”
However, the 58-year-old was quick to point out that, despite the interest, no bid for the Premier League side ‘is in the pipeline’.
“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.”