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Arsenal: Africa’s richest man wants to buy club

Aliko Dangote, the richest man in Africa, has reaffirmed his desire to buy Arsenal.

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The Nigerian had a bid for the club turned down in 2010, but has expressed his wish to take a controlling stake in the club in the future.

58-year-old Dangote is an Arsenal fan, and with a net worth of $15.7 billion would be in a position to make an appealing offer to the club owners having seen his value increase over the last few years.

“I still hope, one day at the right price, that I’ll buy the team,” said Dangote, as reported by Bloomberg.

“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 established his own trading firm in 1977, before branching out into freight, the manufacture of cement and food processing.

Currently, the majority shareholder at the club is Stan Kroenke, who owns a 67 percent stake in the club. The 67-year-old Missouri native has a net worth of $5.6 billion—a third of Dangote’s value.

A further 30 percent of the club is owned by billionaire Alisher Usmanov, who is among the 40 richest men in the world.

He was named as Forbes Africa Person of the Year in 2014.

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