Aliko Dangote hints he will buy Arsenal this year – The 63-year-old initially stalled on the move to take over the club due to the major projects he is doing in Nigeria – Dangote will have Stan Kroenke to contend with if he must become the new owner of the Premier League outfit.
Nigerian billionaire businessman Aliko Dangote has suggested that he might be making a move to buy Premier League outfit Arsenal.
The 63-year-old was initially linked with a move to buy out Lady Nina Bracewell-Smith’s 15.9% shares in 2011 but he later abandoned the deal in a bid to focus on his refinery project in Lagos. With the project nearing completion, the Kano-born business mogul might be ready for the takeover from Stan Kroenke at the Emirates Stadium.
The American businessman is the owner of the club and he also owns the LA Rams American Football team. However, the 73-year-old has been heavily criticised for not putting money into the club. Current Arsenal owner Stan Kroenke during NFL game between the New Orleans Saints and the Los Angeles Rams on September 15, 2019.
Current Arsenal owner Stan Kroenke during NFL game between the New Orleans Saints and the Los Angeles Rams on September 15, 2019. Photo by Brian Rothmuller/Icon Sportswire Source: Getty Images Although recently splashed £45 million to sign Thomas Partey from Atletico Madrid as reported by Football.London. “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.
“I’m trying to finish building the company and then after we finish, maybe sometime 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.” The publication further revealed that Dangote is worth $11.5 billion according to the Rich List and this is expected to help him buy Kroenke out.
That is because, according to KPMG in 2020, who measures clubs’ enterprise value, which is a measure of a company’s total value – a popular metric used to value a company for a potential takeover – stands at £2.073billion or around £1.571billion at the time. That figure had fallen 8% from the previous year. So now could be a good time to buy. Read more: https://www.legit.ng/1404270-nigerian-billionaire-aliko-dangote-finally-reveals-buy-premier-league-club-arsenal.html