Nigerian billionaire Aliko Dangote believes the building of an oil refinery in his homeland will give him the finance to secure a takeover.

The 58-year-old, who has an estimated wealth of £11.5bn, says he has supported the Gunners since the 1980s. "When we get this refinery on track, I will have enough time and enough resources to pay what they are asking for," he told BBC Hausa.

"The club is doing well, but they need more direction than the current situation, where they just develop players and sell them."