The French media outlet, Entreprendre, claimed that the Nigerian, the 86th richest man in the world, would initially take over the 60 per cent stake of the Eddy Zdziech family and would thereafter look to gain full control of the club, which was established in 1913.
The 110-year-old cub has spent an equal amount of time playing in Ligue 1 and Ligue 2, having played 40 seasons in the first division and 36 seasons in the second division. They have never won the first division, but have won Ligue 2 on two occasions. Valenciennes have also won the Championnat National and the Championnat de France amateur in 2005 and 1998, respectively.
Some notable former players of the club include Argentina 1986 World Cup winner Jorge Burruchaga, Cameroon legend Roger Milla, former Senegal national team coach Bruno Metsu, and former France national team star Jean-Pierre Papin.
With six games until the end of the Ligue 2 season, Valenciennes currently lie 15th in the table, with 37 points from 32 games, and three points clear of the relegation zone.
An acquisition by Dangote might propel them to the next level by signing the best legs and revitalising the team as a whole, but the club’s main priority would be retaining their Ligue 2 status.
Dangote had in the past tried to buy a controlling share in Arsenal, most notably in 2010, but his bid was unsuccessful.
However, the French side is now ranked 15th in Ligue 2, which suggests that they are not doing very well in the 2022–23 season campaign. Nevertheless, an acquisition made by the wealthiest black man might propel them to the next level by signing the best legs and revitalising the team as a whole.
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Similar to how Shola Akinlade, CEO of Paystack, purchased the Danish club Aarhus Fremad, as reported by Lolade Adewuyi, managing editor of Soccernet.ng. Lolade has, however, employed his social media handle to disclose the potential Dangote acquisition.
Recall that Kunle Soname purchased Portuguese second-division team Clube Desportivo Feirense to become the first Nigerian to own a prominent European football club.
Dozy Mmobuosi, another billionaire from Nigeria in the technology sector, is on the verge of acquiring English Football League team Sheffield United for £90 million.
These efforts imply that several Nigerian billionaires, like Dangote, Akinlade, and Mmobuosi, are moving closer to focusing their attention on investing in sports and putting Africa on the map of the globe.
Akinlade said that his goal in owning a part share of Aarhus Fremad was to provide possibilities for African talents, and this would apply to Nigerian business tycoons given the amount of potential in Africa.