Wenger signed a two-year contract extension at the club at the end of the 2016-17 season, despite finishing fifth in the Premier League table. Should Dangote take over, he will end Wenger’s reign at the club.
Dangote is estimated to worth £8.6 billion and has long sought after ownership of the north London club. He insists he will be ready to table an official bid once the construction of an $11bn oil refinery in Lagos is completed.
Arsenal have been the focus of a number of takeover bids, with Russian billionaire Alisher Usmanov, who already holds a 30 per cent stake in the club, attempting to buy out majority shareholder, Stan Kroenke. The American businessman owns around 67% of the Gunners and turned down a deal which valued the club at around £2bn.
Dangote believes that the Arsenal bigwigs could be convinced to walk away though, and has promised that he will one day be in charge at the Emirates.
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