Richest African (Dangote) Plans to Buy Arsenal in Four Years. He said, “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."
Aliko Dangote, a successful Nigerian businessman with a reported worth of $10.9billion, outlined his plans in an interview with Bloomberg Television in New York on Wednesday.
The 59-year-old, a self-professed Arsenal supporter, will become the first African owner of a Premier League club if his takeover bid is successful.
However, after losing $4.4billion this year mainly due to the depreciation of Nigeria's currency, he is waiting for his finances to improve before attempting to buy the club.
Dangote, ranked 67th on the Forbes rich list, claimed that the building of an oil refinery in Nigeria will give him the finance to secure a takeover.
Arsenal, which is currently fourth in the premier league, is said to be worth $8 billion.