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Successful African business heavy weight billionaire Aliko Dangote has once again expressed his interest in buying Premier League giants Arsenal for a reasonable price.

According to goal.com, Dangote was quoted saying: "I still hope, one day at the right price, that I'll buy the team."

"We have $16 billion-worth 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," said Dangote.

In 2010 it was reported that Dangote planned to purchase a 16% stake from the club's fourth-largest investor, Lady Nina Bracewell-Smith.

However Dangote poured cold water on the rumours.

Since 1 July 2011, the majority shareholder in the club has been American Stan Kroenke, who holds 66.64% of the parent company. His rival, the Russian-Uzbek Alisher Usmanov, owns 29.11%.

Forbes magazine rated Nigerian born billionaire businessman Dangote magazine as the 67th richest person in the world and the richest in Africa.

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