It is no longer news that Nigerian and Africa’s richest man Aliko Dangote is interested in buying Premier League giants, Arsenal from the current owner, Stan Kroenke.

American businessman, Kroenke has been unpopular among fans. “We Care do you?” campaign was set up to criticize the way he runs the club.

Recall that FrujuSports had reported sometime in January about Dangote’s desire to acquire Arsenal.

‘It is a team that yes I would like to buy some day, but what I keep saying is we have $20billion worth of projects and that’s what I really want to concentrate on,’ Dangote told the David Rubenstein Show.

‘I’m trying to finish building the company and then after we finish, maybe some time in 2021 we can.

‘I’m not buying Arsenal right now, I’m buying Arsenal when I finish all these projects, because I’m trying to take the company to the next level.’  

Now the 62-year-old has been told how much it costs to buy the club.

According to the CIES Football Observatory which ranks top European clubs according to the value of their playing squad, Arsenal is 15th place with a value of €624 million.

That means that Dangote may have to spend at least that value in order to acquire Arsenal, although that price is likely to be a lot higher, due to a club’s value not only being based on just the value of the playing squad.

Things such as the value of the stadium will also have to be taken into account when selling a club.

The Gunners are one place below German side RB Leipzig, who are said to have a squad value of €626 million and one place above fellow Premier League side Leicester City with an estimated squad value of €618 million.