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Wednesday, January 29, 2020

Billionaire Aliko Dangote renews interest in Arsenal takeover

Nigerian billionaire Aliko Dangote, who has previously been linked with buying the club, has delivered an update on his interest in the Gunners.

He told the David Rubenstein Show: “It is a team that yes I would like to buy some day, but what I keep saying is we have $20billion worth of projects and that’s what I really want to concentrate on.

“I’m trying to finish building the company and then after we finish, maybe some time in 2021 we can.

“I’m not buying Arsenal right now, I’m buying Arsenal when I finish all these projects, because I’m trying to take the company to the next level.”

Gunners fans have protested against the Kroenke’s ownership of the club for years, with many feeling that he has allowed the team to stagnate.

But the years of under-investment could be about to end, if Dangote follows through on his promise to buy the club.

The richest man in Africa, and an Arsenal fan, Dangote has repeatedly made noises about buying Arsenal.

Back in 2018, he said: “We will go after Arsenal from 2020, even if somebody buys, we will still go after it.”

And at 136 on the Forbes rich list, the businessman clearly isn’t lacking the funds to invest in the Gunners.

But for now, other business interests are in the way.

The 62-year-old owns around 85% of Dangote Cement through a holding company.

And the Dangote Refinery has been under construction for three years.

When finished, it will be one of the world’s largest oil refineries.

Arsenal fans feared seeing Dangote move for another club in 2018, after he told Bloomberg TV: “I’m very attached to Arsenal but if he [Kroenke] won’t sell, I might have to change.

“I’m very much a fan of football. I’ll like to have a club.

“I don’t have to own Arsenal, though.

“By the time we’ve finished [the oil refinery], we’ll be a £22.8bn company in terms of revenue.”

But he appears to have put ideas of owning another club to bed by reiterating his desire to own the Gunners in his latest interview.

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