Africa’s richest man Aliko Dangote is planning to buy Gunners within four years.
Aliko Dangote – who is said to be worth £8.3billion – revealed his intentions to purchase the Premier League giants last year.
Dangote told Bloomberg: “Maybe three to four years. 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.”
Most of Dangote’s vast wealth is tied up in Lagos-based Dangote Cement Plc – whose stock is down 4.7 per cent on last year.
That means Gunners fans Dangote has lost £3.3billion this year due to the falling value of the Nigerian currency.
Dangote added: “It’s not about buying Arsenal and just continuing with business as usual.
“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.”
Gunners fans have been on current majority shareholder Stan Kroenke’s case after another disappointing summer of spending.
Arsenal last won the Premier League title in 2004 and have only lifted two Fa Cups since.
Korenke hold 67 per cent of Arsenal Holdings Plc – the owner which trades on the ICAP Securities & Derivatives Exchange.
Fans protested at games at the end of last season to get a new owner and Arsene Wenger removed as manager.
Dangote attempted to buy shares in Arsenal six years ago. The Nigerian tried to take over the 15 per cent owned by Lady Nina Bracewell-Smith, who eventually sold her stake to Stan Kroenke.
If Dangote did manage to purchase Arsenal he would become the first African owner of a Premier League team, but he may have to wait a little longer than four years to fulfill his ambition of owning the Gunners.
Dangote is the founder and chairman of Africa’s largest cement producer, Dangote Cement. He also accrued his fortune by becoming the majority shareholder in giant flour and sugar companies.
The 59-year-old Nigerian is an Arsenal supporter and is said to be worth around £8.3billion.

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