Africa’s richest man vows to buy Arsenal

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Africa’s richest man, Aliko Dangote, has vowed to buy Arsenal within the next three to four years.

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The 59-year-old Nigerian is worth £9.8 billion and is ranked the 67th richest person in the world by Forbes.

Dangote made his fortune in cement, sugar and flour but according to Bloomberg he lost £4.1bn this year due to the depreciation of Nigeria’s currency and a drop in commodities prices.

In an interview with Bloomberg, Dangote insisted that there’s ‘there’s no doubt’ that he would purchase Arsenal.

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‘Maybe three to four years,’ he said.

Aliko Dangote factfile

Age: 59

Nationality: Nigerian

Net worth: £9.8 billion

Forbes’ world rich list rank: 67th

‘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.

‘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.’

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The Gunners’ majority shareholder, Stan Kroenke, is currently worth £5.6bn, while Alisher Usmanov, who owns 30.05%, is worth £10.2bn.

If his takeover were to be successful, Dangote would be the first African owner of a Premier League club.

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