Aliko Dangote Finally Reveals When He Will Buy Top Premier League Club
Nigerian billionaire businessman Aliko Dangote has suggested that he might be making a move to buy Premier League Club 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.
“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.
Aliko Dangote takeover talk is back.https://t.co/9t955mqSJt
— Arsenal FC News (@ArsenalFC_fl) February 23, 2021
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.