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What Dangote needs to buy Arsenal FC

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What Dangote needs to buy Arsenal FCAfrica’s richest man, Aliko Dangote has been told how much it will cost to buy out Stan Kroenke’s stake in Arsenal takeover.

Dangote has been linked with Arsenal for in recent time, with the businessman stating that he will be pursuing a takeover of Arsenal, the Mirror reports.

Dangote has been told how much it will cost to buy one of the Premier League’s big sides – by Bob Ratcliffe, the brother of one of Britain’s richest men Sir Jim Ratcliffe.

Bob Ratcliffe, head of the division of Ineos which owns Nice football club has revealed that  it would cost around £2billion ( N940,000,000,000) to buy Arsenal.

Bob told the Financial Times’ Business of Football Summit that a takeover of a ‘top six’ club would cost at least £2billion, but a move for a team elsewhere in the Premier League would cost between £150million and £350million.

The Nigerian Billionaire has made several statements in the past about his desire to become the owner of the North London club.

Dangote says he is focusing on other interests at the moment, but is targeting next year as a possible date to launch his bid for the club.

In January, Dangote reiterated his intentions, saying: “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.”

According to Bloomberg Billionaire index, Aliko Dangote became $4.3 billion richer in 2019 as he ended the decade with a net worth of almost $15 billion, making him the 96th wealthiest man in the world.

The staggering $15 billion is more the GDP of eight African countries, while the International Monetary Fund (IMF) has lowered the outlook for the continent, but economists see the economies of Rwanda, Ivory Coast, and Ethiopia to grow in 2020.

Africa’s GDP was $2.45 trillion in 2019, per latest data from the International Monetary Fund (IMF), and Aliko Dangote net worth is 0.61 percent of that figure.

With  $15 billion worth, Dangote has the financial power to buy Arsenal and will make the move at the right time.

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