CAPE TOWNSOUTH AFRICA, 06MAY11 - Aliko Dangote, President and Chief Executive Officer, Dangote Group, Nigeria, during the African Fellowship Programe with Young Global Leaders announcement at the World Economic Forum on Africa 2011 held in Cape Town, South Africa, 4-6 May 2011. 

Copyright (cc-by-sa) © World Economic Forum ( Matthew Jordaan

Dangote Eyes Arsenal Takeover

Nigerian billionaire and Africa’s richest man, Aliko Dangote says he still wants to buy Arsenal despite failing in a 2010 bid to acquire a stake in the club.

According to, the passionate Gunners fan has not given up on his dream of getting involved with the north London club.

Dangote told Bloomberg: “I still hope, one day at the right price, that I’ll buy the team.

“I might buy it, not at a ridiculous price but a price that the owners won’t want to resist. I know my strategy,” Dangote stated.

“We have $16 billion-worth of investments in the next few years,” he said. “Right now I want to take my own business to a certain level. Once I finish on that trajectory, then maybe” an offer will follow.

Arsenal is currently valued at £988m ($1.49 billon) on the ICAP Securities & Derivatives Exchange.

Dangote is worth $15.7 billion, according to the Bloomberg Billionaires Index.

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