A Nigerian billionaire, Aliko Dangote, who is worth an estimated $10.5 billion, is planning to buy Arsenal within the next four years, according to reports.
The Africa's richest man had his approach rejected having explored the possibility of purchasing the club in 2010.
But the 59-year-old Nigerian business owner admits that while he wants to buy Arsenal as soon as possible, he must wait for the Nigerian currency to stabilize.
Speaking to Bloomberg, Dangote said: "Maybe three to four years. The issue is that we have more challenging headwinds. I need to get those out the way first and start having tailwinds. Then I'll focus on this."
Dangote Cement Plc's stock is down 4.7 per cent on last year, meaning that Africa's richest man has lost £3.3bn due to the falling price of Nigerian currency.
"It's not about buying Arsenal and just continuing with business as usual," he added.
A Nigerian billionaire, Aliko Dangote, who is worth an estimated $10.5 billion, is planning to buy Arsenal within the next four years, according to reports.
The Africa's richest man had his approach rejected having explored the possibility of purchasing the club in 2010.
But the 59-year-old Nigerian business owner admits that while he wants to buy Arsenal as soon as possible, he must wait for the Nigerian currency to stabilize.
Speaking to Bloomberg, Dangote said: "Maybe three to four years. The issue is that we have more challenging headwinds. I need to get those out the way first and start having tailwinds. Then I'll focus on this."
Dangote Cement Plc's stock is down 4.7 per cent on last year, meaning that Africa's richest man has lost £3.3bn due to the falling price of Nigerian currency.
"It's not about buying Arsenal and just continuing with business as usual," he added.
credit: allafrica