When billionaire Aliko Dangote can start Arsenal takeover talks with Stan Kroenke

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Aliko Dangote, billionaire and chief executive officer of Dangote Group, gestures as he speaks during a panel session at the World Economic Forum (WEF) in Davos, Switzerland, on Tuesday, Jan. 17, 2017. World leaders, influential executives, bankers and policy makers attend the 47th annual meeting of the World Economic Forum in Davos from Jan. 17 - 20. Photographer: Jason Alden/Bloomberg
Iyalaya Amala
When billionaire Aliko Dangote can start Arsenal takeover talks with Stan Kroenke
Aliko Dangote

Aliko Dangote has been out of the spotlight when it comes to Arsenal Football Club in the past year.

That is not entirely unexpected, given the coronavirus pandemic that has swept the globe.

Football club takeovers are not exactly high on the agenda for businessmen and women around the world given the financial implications of the pandemic.

However, talks over a potential takeover at Arsenal could start up in the not too distant future.

Dangote, who is the richest man in Africa, has made no secret in the past of his desire to buy out Stan Kroenke at Arsenal and become the owner at the Emirates Stadium.

In June 2015 , Dangote admitted he was interested in buying Lady Nina Bracewell-Smith’s 15.9% stake in 2011, which were eventually purchased by Stan Kroenke

“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 $20 billion of projects, I cannot do both.

“There’s no doubt [I’ll buy Arsenal], it’s not a problem of money

“The issue is that we have more challenging headwinds. I need to get those out the way first and start having tailwinds. Then I’ll focus on this.”

In August 2017 , he mentioned the conclusion of the oil refinery as the key time, saying: “I don’t want to go after Arsenal until I deliver the refinery. Once I deliver, I will go after Arsenal.”

He reiterated that in January 2020 .

“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.”

Dangote is the 206th richest man in the world according to the Forbes Rich List, with a net worth of $11.8billion and has openly stated that the conclusion of his oil refinery in Lagos, Nigeria would be the time when he would think about Arsenal once more.
(football.london)

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