Africa’s richest man Dangote plans Arsenal ownership

July 29, 2018

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Africa’s richest man, Aliko Dangote, has restated his intention to buy Arsenal reports, www.sportspromedia.com/.
This is coming in the wake of reports that minority stakeholder Alisher Usmanov is set on selling his 30 per cent share in Arsenal,
The Financial Times reported that Russian billionaire Usmanov is looking to sell off his minority stake in the Premier League outfit after failing to broker a takeover deal with the club’s majority shareholder, US businessman Stan Kroenke.
Usmanov’s limited holding means he has little active say in Arsenal’s running and does not hold a seat on the board.
Now Dangote, 61, has said that even if Usmanov strikes a deal to offload his stake to Kroenke, he remains confident of taking full ownership of Arsenal, but only after completion of an oil refinery project in his native country, Nigeria.
“We will go after Arsenal from 2020 … even if somebody buys, we will still go after it,” Dangote told Reuters.
Last year, Dangote’s interest came to light when he insisted the right offer would tempt both Kroenke and Usmanov to sell to him.
“If they get the right offer, I’m sure they would walk away,” said Dangote. “Someone will give them an offer that will make them seriously consider walking away.”