Respected businessman, Aliko Dangote, has admitted that he is still interested in buying English Premier League team, Arsenal.

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%. Dangote, who has interests in sugar, flour, cement, oil etc, however, says he is not planning to make a bid soon.

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