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Dangote eyes fresh bid for Arsenal

Nigerian Aliko Dangote has a net worth of around £12.2billion and has reiterated his desire to buy shares in Arsenal.

 

Africa's richest man, Aliko Dangote, has re-iterated his hopes of one day buying Arsenal.

The Nigerian has an estimated fortune of some £12.2billion and is reported to have wanted to purchase a holding in the Gunners when former director Lady Nina Bracewell-Smith was selling her stock in 2011.

Arsenal's current majority shareholder is American tycoon Stan Kroenke, who has a 66.64 per cent holding and remains committed to the Barclays Premier League club for the long-term.

Uzbek magnate Alisher Usmanov controls around 30 per cent and has also expressed no desire to offload any of his shares.

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Nevertheless, last month Dangote, whose business interests include sugar, flour and oil, stated he remained keen to become part of the Emirates Stadium club sometime in the future.

In a fresh interview with BBC World Service Hausa, Dangote indicated once his work in the establishment of an oil refinery in his homeland - set to be the largest in Africa - is complete, then he would consider revisiting his interest in making a move at Arsenal.

'When we get this refinery on track, I will have enough time and enough resources to pay what they are asking for,' he told the channel.

'There were a couple of us who were rushing to buy and we thought with the prices then, the people who were interested in selling were trying to go for a kill.

'We backtracked because we were very busy doing other things, especially our industrialisation.'

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Dangote feels Arsenal, who last season retained the FA Cup, can mount a challenge for top honours again, albeit perhaps with a different outlook from the boardroom.

He added: 'They are doing well but they need another strategic direction. They need more direction than the current situation, where they just develop players and sell them.'

Credit: Daily mail

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