The 58-year-old, Africa’s richest man, failed in a bid to buy the Gunners in 2010 and says that he will concentrate on his own business before submitting a new offer. The African billionaire Aliko Dangote says he is still keen on buying Arsenal. The 58-year-old Nigerian, who is worth over an estimated €13.5 billion – which makes him Africa’s richest man – explored the possibility of purchasing the club in 2010, but his approach was rejected.
“I still hope, one day at the right price, that I’ll buy the team,” Dangote told Bloomberg Business. “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, who has made his fortune through various operations including cement manufacturing, sugar supply and oil investments, says that he will concentrate on expanding his own business before launching a new offer for Arsenal.
“We have $16bn-worth [€14bn] 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 an offer will follow,” he continued.
Dangote is an Arsenal fan but has criticised Arsene Wenger, claiming that the 65-year-old “needs to change his style a bit” and warning that the club “need new direction”.
In a chat with BLOOMBERG, he said he is ready to offer Arsenal owners “a price they won’t want to resist.” “I still hope, one day at the right price, that I’ll 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,” supersport.com quoted Dangote as saying to Bloomberg.
Dangote, who is a tycoon dealing in cement and commodities, explained that he wants to focus on his business having invested around $16 million into it, and will make another attempt at pricing Arsenal away by the time he builds his business empire to “a certain level.”
“We have $16 billion-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 [an offer will follow.]”
In 2010, Dangote made attempts to acquire a stake in the English club but discussions broke down.
According to the Bloomberg Billionaires Index, Dangote is worth three times more than the current major shareholder at Arsenal, Stan Kroenke.
Kroenke, who holds 67 percent of Arsenal, is reportedly worth $5.6 billion while Dangote is valued at $15.7 billion.
But Dangote will have to convince Kroenke to give up his 67 percent shares in the club as well as 30 percent owned by Red and White Sec Limited under the control of Uzbek billionaire Alisher Usmanov and Farhad Moshiri.