Aliko Dangote has been linked with a takeover of Arsenal for some years now.
The Gunners supporter has made no secret of his desire to take charge at the Emirates Stadium in recent years, even going so far as to say he “will buy Arsenal”.
Stan Kroenke is the current owner of the club, with the American owning the LA Rams American Football team too.
Kroenke is often criticised by the Arsenal fans for not putting investment into the club, although he did put his hand into his pocket in helping the Gunners secure the signature of Thomas Partey from Atletico Madrid in the summer for £45million.
Dangote was interested in buying Lady Nina Bracewell-Smith’s 15.9% shares at Arsenal in 2011, but backtracked on the deal to focus on his oil refinery project in Lagos, Nigeria.
That project is nearing completion and he has previously admitted that was the only thing holding him back from starting takover talks with Kroenke at the Emirates.
He said: “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.”
So can Dangote afford it?
According to Forbes, he is the richest African businessman on the planet and the 166th richest billionaire in the world.
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He is, according to the Rich List, worth a cool $11.5billion, which would give him ample money to spend on buying Kroenke out.
That is because, according to KPMG in 2020, who measure 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.