Africa's richest man has revealed his plans to purchase Premier League side Arsenal.
Aliko Dangote, worth an estimated £8.3 billion made his intentions about buying the club clear last year and will look to swoop in when his business improves and his future investments come into play.
As quoted by Bloomberg, he said:
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"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."
Dangote, an Arsenal fan, made his money in Dangote Cement Plc - mainly operating from headquarters in Lagos. He lost a staggering $4.4 billion this year, partially down to the fall of the Nigerian economy.
But the Nigerian remains committed to investing in Arsenal, though he is tied up with current projects at this moment in time.
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"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."
American Stan Kroenke currently has a 67% stake in Arsenal and also owns MLS side Colorado Rapids.
Should Dangote stick to his plans and buy Arsenal in the next four years, he would become the first African to purchase a Premier League team.
Arsenal fans, what are your thoughts on the news? Let us know in the comments below.
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(h/t Bloomberg)
Featured Image Credit:Topics: Premier League, Arsenal