The 59-year-old, a self-professed Gunners fan, will become the first African owner of a Premier League club if his takeover bid is successful

*_Business magnate Aliko Dangote wants to buy Arsenal_*

Aliko Dangote , a successful Nigerian businessman with a reported worth of $10.9billion, outlined his plans in an interview with Bloomberg Television in New York on Wednesday.

The 59-year-old, a self-professed Arsenal supporter, will become the first African owner of a Premier League club if his takeover bid is successful.

However, after losing $4.4billion this year mainly due to the depreciation of Nigeria's currency, he is waiting for his finances to improve before attempting to buy the club.

*Dangote said:*

“It’s not about buying Arsenal and just continuing with business as usual,”

“It’s about buying Arsenal and turning it around. I’ve run a very successful business and I think I can also run a very successful team."

"Right now, with what we’re facing, over $20 billion of projects, I cannot do both.”

Stan Kroenke, Arsenal's current majority shareholder with a 66% stake in the club, has an estimated worth of $8billion.