Thursday, 22 September 2016

Nigerian And Africa's Richest Man Aliko Dangote Sets Out Plan To Buy Arsenal

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Nigerian and Africa’s Richest Man - Aliko Dangote, who is worth $10.9bn, expressed an interest in purchasing the Arsenal Football Club last year and has now set out a timetable for his takeover.

In an interview with Bloomberg he was asked when he plans to buy the club, Dangote said: "Maybe three to four years. "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."

He believes he can turn things around in the club to become a trophy winning team. "It’s not about buying Arsenal and just continuing with business as usual," he said. "It’s about buying Arsenal and turning it around.

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"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.

67.05 per cent of the club is currently owned by  American tycoon Stan Kroenke, while Russian Alisher Usmanov holds 30.04 per cent of the shares.