Aliko Dangote, the CEO of Dangote Group, the largest industrial conglomerate in Africa, is reportedly close to purchasing a 60% stake in French Ligue 2 club, Valenciennes, according to French media outlet, Entreprendre.
While the Nigerian billionaire had previously expressed interest in buying Premier League club Arsenal, he failed to do so.
Valenciennes, which was established in 1913 and plays at the Stade du Hainaut, has played 40 seasons in Ligue 1 and 36 seasons in Ligue 2, winning the latter title twice.
The club has yet to win the Ligue 1 championship but has reached the French Cup final once. As of now, Valenciennes ranks 15th on the Ligue 2 table.
