Breaking

Billionaire Dangote told how much it will cost to buy out Stan Kroenke in Arsenal takeover


Aliko Dangote has been linked with Arsenal for some time, with the businessman previously stating that he will be pursuing a takeover of the club.


The Nigerian billionaire - the richest man in Africa - has made several statements in the past about his desire to become the owner of the North London club.

And in January of this year, he reiterated his intentions, stating that: "It is a team that yes I would like to buy some day, 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 some time in 2021 we can.

"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."

And now Dangote has been told how much it will cost to secure a bid for one of the Premier League's big sides.


Sir Jim Ratcliffe has been linked with a takeover of Chelsea for some years, but last August saw his company Ineos complete a deal to take over Nice instead.

His brother, Bob Ratcliffe, who is head of the football division for Ineos - owners of Ligue 1 side Nice - has revealed how much it would currently cost to take over a Premier League club.


Bob told the Financial Times' Business of Football Summit that a takeover of a 'top six' club would cost at least £2billion.

Meanwhile, a move for a team elsewhere in the Premier League would cost between £150million and £350million.

He added that: "They're all for sale." (football.london)
Disclaimer
Most News articles reported on LOCAL AFRICAN REALITY are a reflection of what is published in the media. LOCAL AFRICAN REALITY is not in a position to verify the accuracy of daily news articles, however, we ensure that only news articles from credible sources are reflected in this service. Independent opinions which are mailed to us may also be published from time to time at our discretion, however the sources for these independent articles will be clearly stated.


Share your story with us: SMS: +23409067561649, Whatsapp: +2349067561649, Email: localafricanreality@gmail.com or qubesentertainmentmagazine@yahoo.com
Receive Alerts on: Whatsapp: +2349067561649, Twitter: @localafricanr