Aliko Dangote set to buy Arsenal
Nigeria’s Aliko Dangote has set his sight on buying Arsenal football club in about four years
Africa’s richest man believes he has the capacity to push the Premier League club to greater heights
This new move may be coming after the Gunners’ fans protested at the end of the 2015/16 season for a new owner and manager
Nigeria’s business mogul Aliko Dangote is set to purchase Premier League giants, Arsenal in the next four years.
Dangote who is said to be worth £8.3billion had in 2015, disclosed his intentions to buy controlling shares of the London club in the wake of unsuccessful campaigns by the Gunners.
Dangote told Bloomberg: “Maybe three to four years. The issue is that we have more challenging headwinds. I need to get those out the way first and start having tailwinds. Then I’ll focus on this.”
Dangote whose business is tied up in Lagos-based Dangote Cement Plc, lost £3.3billion this year due to fall of the Naira in the foreign exchange market.
Dangote added: “It’s not about buying Arsenal and just continuing with business as usual.
“It’s about buying Arsenal and turning it around. I’ve run a very successful business and I think I can also run a very successful team.
“Right now, with what we’re facing, over $20 billion of projects, I cannot do both.”
Arsenal’s fans have been having issues with current majority shareholder Stan Kroenke after the Gunners failed to spend big in the summer transfer window.
The Arsene Wenger-tutored side have failed to win the Premier League in the last 12 years and only managed to win two FA Cups since 2004.
Arsenal fans proetsting for the removal of Arsene Wenger
The club’s fans protested at the end of last season, calling for the removal of Kroenke who holds 67% of Arsenal Holdings Plc and also their French coach Wenger.
Dangote whose business is tied up in Lagos-based Dangote Cement Plc, lost £3.3billion this year due to fall of the Naira in the foreign exchange market.
Dangote added: “It’s not about buying Arsenal and just continuing with business as usual.
“It’s about buying Arsenal and turning it around. I’ve run a very successful business and I think I can also run a very successful team.
“Right now, with what we’re facing, over $20 billion of projects, I cannot do both.”
Arsenal’s fans have been having issues with current majority shareholder Stan Kroenke after the Gunners failed to spend big in the summer transfer window.
The Arsene Wenger-tutored side have failed to win the Premier League in the last 12 years and only managed to win two FA Cups since 2004.
Arsenal fans proetsting for the removal of Arsene Wenger
The club’s fans protested at the end of last season, calling for the removal of Kroenke who holds 67% of Arsenal Holdings Plc and also their French coach Wenger.
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