Aliko Dangote: Africa's richest man considering Arsenal takeover bid - and it may be bad news for Arsene Wenger

Arsenal could be the subject of more ownership turmoil in the coming years after Africa’s richest man confirmed he has not given up on his dream of buying the club.

Aliko Dangote, a Nigerian Arsenal fan valued at over $15 billion, may look to implement changes to a side that are without a league title since 2004, with manager Arsene Wenger expected to “change his style” if the tycoon were to take over.

Dangote first bid for the club in 2010, but talks with then shareholder Lady Nina Bracewell-Smith fell through. 

However the intervening years have been kind to the 67th richest man in the world, with his wealth having grown sevenfold.

It now eclipses the combined assets of the club’s leading shareholder Stan Kroenke, who is worth around $6 billion. His fortune also eclipses that of the $9 billion of London rival Roman Abramovich.

The commodities magnate has not given up on buying the club, telling Bloomberg: “I still hope, one day at the right price, that I’ll buy the team. I might buy it, not at a ridiculous price but a price that the owners won’t want to resist. I know my strategy.”

He continued by admitting that Arsene Wenger “needs to change his style a bit.”

“They need new direction,” Dangote added.

The billionaire may not be as restrained an owner as Kroenke has proved to be. However Dangote is unlikely to make his move in the foreseeable future: “We have $16 billion-worth of investments in the next few years,” he said.

“Right now I want to take my own business to a certain level. Once I finish on that trajectory, then maybe.”

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