‘I Will Pay What They Ask’: Africa’s Richest Man Prepares Arsenal Takeover Bid


Arsenal could soon have a new owner, after the richest man in Africa, Aliko Dangote, re-iterated his desire to buy the club one day.

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The Nigerian was formerly linked with the Gunners when the stocks of Lady Nina Bracewell-Smith were put up for sale in 2011.

However, Dangote was forced to pull out of the deal to buy the 15.9% share, which was later purchased by Stan Kroenke for £123million, which enabled him to gain a majority share.

But with a reported fortune of £12.2billion, Dangote now has the resources and time to fund a historic bid for the North Londoners, which could spell a full ownership.

Dangote, who has been a supporter of Arsenal since 1980, works in the business of sugar, flour and oil and hopes he can soon include the Emirates Stadium as part of his work, as he stated whilst talking to BBC World Service Hausa,

When we get this refinery on track, I will have enough time and enough resources to pay what they are asking for.

There were a couple of us who were rushing to buy and we thought with the prices then, the people who were interested in selling were trying to go for a kill.

The 58-year-old went on to admit that he had to back out of the deal nearly four years ago after his business experienced some hectic times.

However, during his interview he ensured that his main focus is building the successes of Arsene Wenger’s side both on and off of the pitch.

They are doing well but they need another strategic direction. They need more direction than the current situation, where they just develop players and sell them.

Stan Kroenke, the current major shareholder, has failed to capture the hearts of Arsenal fans after rarely turning up for games and a significant lack of public appearances, however, the American is still happy to let Arsene Wenger spend his money wisely.

And although Kroenke has reassured us all that he will commit his services to the back-to-back FA Cup winners in the long-term, fresh competition will show us how much he really cares about the Gunners.

The 67-year-old tycoon currently holds a 66.64% stake with the club, and Alisher Usmanov, who holds just over 30% is in no hurry to offload any shares.

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