African mogul eyes Arsenal
A takeover battle at Arsenal could be on the cards after it emerged that a Nigerian billionaire industrialist is considering acquiring a 16 per cent stake in the Premier League football club.
Aliko Dangote, one of Africa's richest men, is said to be in talks to buy the shareholding put up for sale by Lady Nina Bracewell-Smith, the London club's fourth largest shareholder. Her shareholding is currently worth £96m, but she reportedly wants £160m for the shares.
Arsenal's two biggest investors, Stan Kroenke, the American sports tycoon, and Alisher Usmanov, the Russian oligarch, are also mulling buying the shares.
Such a move by either man would force them to launch a full takeover offer for the club.
Arsenal is one of several Premier League clubs, including up-for-sale Liverpool, that could find themselves with new owners when the new season begins in August.
Have shock jocks gone too far after Rush Limbaugh called Sandra Fluke a slut?
Former Google exec says he has 100,000 emails showing how 'immoral' company avoids paying UK tax
British business: We need to stay in the European Union - or risk losing up to £92bn a year
World news in pictures
British father faces charges after confessing to slitting his two children's throats in Lyon flat
- 1 Notes from a small island: Is Sealand an independent 'micronation' or an illegal fortress?
- 2 British business: We need to stay in the European Union - or risk losing up to £92bn a year
- 3 The moral case on tax avoidance is overwhelming - and we all know Google wants to do the right thing
- 4 Sam Wallace: The second coming of Jose Mourinho at Chelsea will be a reunion that can only end in tears
- 5 It’s official: thanks to Stephen Hawking's Israel boycott, anti-Semitism is no more
BMF is the UK’s biggest and best loved outdoor fitness classes
Find out what The Independent's resident travel expert has to say about one of the most beautiful small cities in the world
Win anything from gadgets to five-star holidays on our competitions and offers page.
iJobs Money & Business
£500 - £680 per day: Orgtel: Quantitative Risk Analyst, Front Office/Risk Bank...
£55000 - £60000 per annum + Benefits + Pension: Orgtel: Quantitative Analyst, ...
£550 - £600 per day: Orgtel: Fidessa Analyst / PM - Banking - London - Up to £...
£450 - £500 per day: Orgtel: Sourcing Manager - Banking - London - Up to £500p...