Africa’s richest man Aliko Dangote still has hopes of buying Arsenal

Africa’s richest man, Aliko Dangote, claims he still harbours hopes of one day buying Arsenal.

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Aliko Dangote

Aliko Dangote

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The Nigerian has an estimated fortune of £10.4billion and is reported to have wanted to buy into Arsenal when the former director Lady Nina Bracewell-Smith was selling her shares in 2010.

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Arsenal’s current majority shareholder is the American tycoon Stan Kroenke, who remains committed to the Premier League club for the long term. The Uzbek magnate Alisher Usmanov controls approximately 30% and has also expressed no desire to offload any of his stock.

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Nevertheless Dangote, whose business interests include sugar, flour and oil, remains keen to become part of the Emirates Stadium club sometime in the future.

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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.”

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Dangote, though, added no imminent bid was in the pipeline.

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“We have $16bn-worth of investments in the next few years. Right now I want to take my own business to a certain level. Once I finish on that trajectory, then maybe,” he said.

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Arsenal defeated Hull 3-1 on Monday night to give themselves a good chance to finish second behind the Premier League champions Chelsea, and will face Aston Villa in the FA Cup final at Wembley on 30 May.

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Dangote, however, suggested Arsène Wenger’s side should be achieving more. He added: “[Wenger] needs to change his style a bit. They need new direction.” – The Guardian