Arsenal

Aliko Dangote given Arsenal takeover boost as latest net worth revealed

Aliko Dangote is a man with a plan when it comes to Arsenal, as he has emphasised on various occasions in the past.

Africa’s richest man first admitted in 2016 that he was interested in buying Lady Nina Bracewell-Smith’s 15.9 per cent stake in 2011, which were eventually purchased by Stan Kroenke.

The Gunners majority shareholder Kroenke recently insisted that Arsenal are not for sale, but it hasn’t stopped interest from Spotify founder Daniel Ek with Dangote also maintaining a keenness on purchasing the club.

“There were a couple of us who were rushing to buy, and we thought with the prices then, the people who were interested in selling were trying to go for a kill.

“We backtracked, because we were very busy doing other things, especially our industrialisation.

“When we get this refinery on track, I will have enough time and enough resources to pay what they are asking for.”

In September 2016 , he stated that a takeover would be a question of timing rather than money.

“It’s not about buying Arsenal and just continuing with business as usual,” Dangote said.

“It’s about buying Arsenal and turning it around. I’ve run a very successful business and I think I can also run a very successful team. Right now, with what we’re facing, over $20billion of projects, I cannot do both.

In January 2020 , he stated once more that when his current business interests are concluded, he will move on to the Gunners.

“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.”

A report from Bloomberg has now revealed that Dangote net worth is up $2.3 billion this year, buoyed by the second straight year of gains at his cement unit.

It means that Dangote’s net wealth is now at $20.1 billion as of Dec. 3, the richest he has been since 2014 according to the Bloomberg Bilionaires Index.

Dangote has yet to complete a $19 billion refinery which he has said upon its completion, he will turn his attentions to taking over Arsenal.

A KPMG report from 2020 suggests that Arsenal’s current market value stands at £2.073billion.