So, he won't be buying the shares...

Contrary to reports in the media, the Nigerian says he didn't make an offer for Lady Nina's shares.

Aliko Dangote is undoubtedly one of Africa's richest men, to say the least I wasn't surprised when I read of his interest in the shareholding being sold by the club's fourth largest investor Lady Nina Bracewell-Smith, who is said to be seeking £160million for her stake after putting it on the sale block earlier this year.

Stan Kroenke nears mandatory takeover

American Businessman Stan Kroenke, who is valued at £1.9 billion is
just a few shares shy of securing his stranglehold at the North London
outfit.

The business tycoon commands a staggering proportion of Arsenal
shares. And the outfit recently brought to the notice of the London
Stock Exchange, the seemingly good news that they have sold seven more
shares at a cost of £8,500 to the 62-year-old who is keen on
completing the takeover.

The businessman currently owns 29.9 per cent of the club and he will
be empowered legally to gain control of the club if he acquires more
than 50 per cent of the shares. And also, Kroenke is expected by law
to make an offer for the remaining shares in Arsenal Holdings Plc if
he reaches 90 per cent.

I think this new development is good for the club. If you think otherwise be free to write in the comment box.