Wednesday 25 July 2018

Africa's richest man targets 2020 Arsenal takeover



Aliko Dangote, Africa's richest man, has put a 2020 timeline on his goal of buying Arsenal, following a report that Alisher Usmanov is exploring a sale of his 30 percent stake.
 The Russian billionaire, that Usmanov has grown frustrated that the club's majority owner, Stan Kroenke, is unwilling to engage in takeover talks and has given up all hope of acquiring the club outright.

And asked about the report later in the day, Dangote, who has held an interest in buying Arsenal since at least 2010, confirmed he would pursue a takeover in two years.
"We will go after Arsenal from 2020 ... even if somebody buys, we will still go after it," Dangote told Reuters.
Dangote added that the need for healthy cash flow until completion of his oil refinery project rules out a move for Arsenal before then.

No comments:

Post a Comment