After an unsuccessful bid in 2010 to acquire Arsenal Football Club, Africa’s richest man, Nigerian Aliko Dangote has renewed interest in taking over one of the English Premier Clubs.

The 58-year-old Nigerian billionaire, who is worth over an estimated €13.5 billion – which makes him Africa’s richest man – says he is still keen on buying Arsenal.

“I still hope, one day at the right price, that I’ll buy the team,” Dangote told Bloomberg Business. “I might buy it, not at a ridiculous price but a price that the owners won’t want to resist. I know my strategy.”

Dangote, who has made his fortune through various operations including cement manufacturing, sugar supply and oil investments, says that he will concentrate on expanding his own business before launching a new offer for Arsenal.

“We have $16bn-worth [€14bn] of investments in the next few years. Right now I want to take my own business to a certain level. Once I finish on that trajectory, then maybe an offer will follow,” he continued.

Dangote is an Arsenal fan but has criticised Arsene Wenger, claiming that the 65-year-old “needs to change his style a bit” and warning that the club “need new direction”.