Africa’s Richest Man Aliko Dangote Finally Reveals When He Will Buy Arsenal FC

Posted by: lukwago J in International Football February 25, 2021

Africa’s richest man and Nigerian billionaire Aliko Dangote has suggested he could reignite his interest in buying Premier League club, ArsenalFC.

Dangote is worth $11.5 billion (about USh 42.5 trillion) according to the Rich List. Many people expect the fortune to help him buy out Kroenke.

The 63-year-old businessman was initially linked with a move to buy out Lady Nina Bracewell-Smith’s 15.9% shares in 2011. However, he later abandoned the deal to focus on his refinery project in Nigeria

However, with the project now nearing its completion, the business mogul might be ready for the takeover from Stan Kroenke at the Emirates Stadium.

Stan, is an American businessman is the current owner of the club. He also owns the LA Rams, an American Football team.

There are speculations that Nigerian Billionaire and Africa's richest man, Aliko Dangote may rekindle his move to buy over Arsenal from its owner, Stan Kroenke who has remained unpopular with fans of the London club. He has been on this since 2011 pic.twitter.com/2g8aaQl8Ne

— COMMON PERSON 🇬🇭🇧🇫🇨🇮🇹🇬 (@SmartAtuadi) February 24, 2021

However, since his takeover, the 73-year-old American has come under heavy criticism for not putting money into the club.

Football London Now, a sports news broadcaster in London reported that Dangote may have reignited his interest in replacing the Kroenkes as the new Gunners boss.

https://twitter.com/TheGoonerFamily/status/1364506702045974532

What Aliko Dangote said

“It is a team that yes I would like to buy someday. But what I keep saying is we have $20billion worth of projects and that’s what I really want to concentrate on. I’m trying to finish building the company and then after we finish, maybe sometime in 2021 we can”. Dangote was quoted saying on his possible takeover at the north London.

“I’m not buying Arsenal right now, I’m buying Arsenal when I finish all these projects because I’m trying to take the company to the next level,” he added.

The publication further revealed that Dangote is worth $11.5 billion (about USh 42.5 trillion).

KPMG who measures clubs’ enterprise value says Arsenal’s value is currently £1.571billion.

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