Dangote, who is Africa’s richest man, is worth $15.7billion according to the Bloomberg Billionaires Index and was rebuffed in his attempts to buy a stake in the club in 2010.
“I still hope, one day at the right price, that I’ll buy the team,” Dangote said in an interview on a flight between Addis Ababa and Lagos.
“I might buy it, not at a ridiculous price but a price that the owners won’t want to resist. I know my strategy.”
Arsenal is currently valued at £988m ($1.49bn) and Stan Kroenke, owner of the National Football League’s St. Louis Rams holds 67% shares in the club. Uzbek billionaire Alisher Usmanov and Farhad Moshiri, own 30%.
If he acquires the club, he will be the first African to own a club in England.
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