Africa's richest man sets timeframe for Arsenal takeover bid
By Alex Taylor
Africa’s richest man Aliko Dangote is planning to buy Arsenal within the next four years.
Dangote, who is said to be worth £84billion, is planning to takeover the club and make swift changes to way the things are run in north London.
The Nigerian businessman is Chairman & CEO of Dangote Group which trades in cement, sugar, flour, salt, pasta, beverages and real estate and employees more than than 26,000 people.
“Maybe three to four years,” Dangote told Bloomberg. “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.
“It’s not about buying Arsenal and just continuing with business as usual.
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“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.”
The Gunners are currently owned by majority shareholder Stan Kroenke, the American business entrepreneur who has faced criticism in recent years for what fans believe to be a significant under investment in on-field talent.
Supporters protested at the current ownership of the club at the end of last season in an attempt to oust Kroenke as owner and replace Arsene Wenger as manager.
Since then Arsenal have made one major addition to their squad, singing Granit Xhaka from Borussia Monchengladbach for a fee reported to be in the region of £35million.
In other Arsenal news, Lucas Perez scored his first goals for the Gunners with a brace against Nottingham Forest in the EFL Cup on Tuesday – and fans have praised the striker for his performance on Twitter.