Nigerian billionaire Aliko Dangote has been linked with a sensational big money move to buy Arsenal, and has recently reiterated his plans to take over the club, as reported by the Express.
Dangote insists that he is still keen on acquiring Arsenal, but that the time is not yet right. He claims that he is currently focusing on other endeavours, but soon he will be in a position to pay what the current owners are asking for.
“When we get this refinery on track, I will have enough time and enough resources to pay what they are asking for,” He said, as reported by the Express.
“There were a couple of us who were rushing to buy, and we thought with the prices then, the people who were interested in selling were trying to go for a kill.
“We backtracked, because we were very busy doing other things, especially our industrialisation.
“They (Arsenal) are doing well, but they need another strategic direction. They need more direction than the current situation, where they just develop players and sell them.”
Stan Kroenke is the current owner, with the American businessman possessing a 66.64% stake in the company (via the Express). He doesn’t appear to be keen on selling any time soon, but if the offer is big enough he may well be convinced.
It’s arguably the wrong time for a takeover bid, as Financial Fair Play has been tightening. We are finally over our own financial difficulties, and have been able to flex our muscles in the transfer market. But gone are the days when the cash-rich clubs can spend freely, and we now have to spend largely within our means.
It would be interesting to see the direction a new owner would take us in, but despite Kroenke’s shortcomings, we are in a fantastic position at the moment and look capable of kicking on next season.