Nigerian billionaire announces Arsenal takeover plan to ‘bring back trophies’

Nigerian billionaire Orji Kalu has expressed his desire to buy a 35 per cent stake in Arsenal and bring silverware back to the north London club.

Arsenal have not been able to spend money on the same level as the likes of Chelsea, Manchester City and Manchester United over the past decade, meaning they have still not managed to get their hands on a Premier League title since 2004.

Gunners fans have hit out at owner Stan Kroenke in recent years for failing to inject significant transfer funds into the club, although they did spent close to £80million on four new recruits in the previous window.

Mikel Arteta ’s men have not got off to the best start this season, nevertheless, losing four of their first eight Premier League outings of the new campaign.

And now Kalu – a Nigerian senator, businessman and newspaper owner who is worth a reported $1billion – has set his sights on purchasing a major share in Arsenal to help “bring back trophies” at the Emirates.

The 60-year-old has previously backed Enyimba FC, helping the club dominate in Nigeria from 2000-07.

Now he is determined to buy a stake in the Gunners, insisting he would target success in both the Champions League and Premier League if he did so.

Kalu announced: “Our success with Enyimba FC between 2000-07 has continuously increased my passion for football.

“As the pillar of sports in Africa, I am considering an investment in football and I will buy 35 per cent stake in Arsenal FC.

“Our target is to lift the Champions League and EPL, and valuable investment as well.

“Doing what you love and loving it is where greatness lies. I need 35 per cent of Arsenal to bring back trophies.”

Kalu was handed a 12-year jail sentence for fraud back in December 2019, only to be freed on appeal the following May.

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He is now looking to forge a partnership between Arsenal and Enyimba, adding: “With Arsenal we will make Enyimba great again with the strategic partnership we are packaging.

“We shall turn it around to create a platform for more of our professional players seeking international exposure. A win-win outing for all parties.”

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