Sidebar

Exclusive Reports

17
Fri, May

EPL: Dangote Can't Afford A 'Top Six' club

Football
Typography
  • Smaller Small Medium Big Bigger
  • Default Helvetica Segoe Georgia Times

Africa's richest man Aliko Dangote has been told that he will be £2bn poorer if he attempts to purchase a 'top six' club in the EPL, but he is, however, advised to look elsewhere in the Premier League to check for a team within the range of £150million and £350million.

The Nigerian billionaire whose interest in purchasing Arsenal is not new is targeting next year as a possible date to launch his bid for the club.

Bob Ratcliffe, OGC Nice owner who also doubles as head of the football division of INEOS, while speaking at the Financial Times’ Business of Football Summit said he believes every Premier League club is for sale and claims Africa’s richest man Aliko Dangote will have to pay £2billion to take over at Arsenal. “They’re all for sale,” said Bob Ratcliffe. While he claimed a move for a lower team in the Premier League would cost between £150million and £350million.

Dangote has, however, reiterated his intentions buy Stan Kroenke shareholding, said "It is a team that yes I would like to buy someday, but what I keep saying is we have $20billion worth of projects and that's what I really want to concentrate on. I'm trying to finish building the company and then after we finish, maybe sometime in 2021 we can."

The billionaire further added that "I'm not buying Arsenal right now, I'm buying Arsenal when I finish all these projects because I'm trying to take the company to the next level."

Stan Kroenke bought the 30% stake held by the Russian Alisher Usmanov for £550million in August 2018 to become the sole shareholder of the London club.

BLOG COMMENTS POWERED BY DISQUS