Aliko Dangote, Africa’s richest billionaire, is on the verge of acquiring complete ownership of Arsenal Football Club in London.
Arsenal could be on the verge of being bought for £2 billion by Aliko Dangote, Africa’s richest man.
According to Football London, the takeover appears to be getting closer, with business tycoon and avid Arsenal fan Aliko Dangote teasing a takeover for several years.
“It is a team that yes I would like to buy someday, but what I keep saying is we have $20billion worth of projects and that’s what I really want to concentrate on,” Dangote was quoted as saying in January 2020. “I’m trying to finish building the company and then after we finish, maybe sometime in 2021 we can.”
For several years, Dangote Group Of Companies have been working on an oil refinery based in Lagos, Nigeria. The CEO has always said that once the project is completed, he will consider purchasing the north London club that he supports.
The refinery should be operating by early 2022, according to S&P Global.
Dangote attempted to purchase Lady Nina Bracewell-15.9% Smith’s share in the Gunners in 2011, claiming”We backtracked because we were very busy doing other things, especially our industrialisation,” adding “When we get this refinery on track, I will have enough time and enough resources to pay what they are asking for.”
There’s a high rate of displeasure with the ownership at the Emirates Stadium and this will serve as a glimmer of hope for Arsenal fans, regardless of whether the takeover actually happens.
Spotify Owner Daniel Ek has lately indicated interest in purchasing Arsenal from the Kroenke family, with the support of all-time Gunners scorer Thierry Henry.
In an interview with Sky in the autumn of this year, Josh Kroenke firmly denied the club was for sale, although dissatisfaction with KSE’s stewardship of the team has already reached its peak.
Last season, a demonstration outside the Emirates Stadium during Arsenal’s home match against Everton was disturbed by hundreds of Gooners protesting the club’s ownership in the aftermath of the Super League catastrophe. Since then, the Kroenkes have invested over £130 million in the playing squad and backed manager Mikel Arteta.
However, with the likes of Dangote and Ek ready to make takeover bids – and both being major Arsenal followers who can make fan appeals – KSE knows that their popularity will continue to fade unless their brand achieves on the pitch.
Aliko Dangote, an Arsenal supporter, is reportedly worth $12.7 billion and is close to purchasing his beloved club.