Africa’s richest man, Aliko Dangote is close to buying French Ligue 2 club, Valenciennes.

According to French media outlet, Entreprendre, the business mogul, who is the Chief Executive Officer (CEO) of Dangote Group is ready to acquire 60% ownership of the club.

The Dangote Group is the largest industrial conglomerate in Africa.

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The Nigerian businessman was interested in buying Premier League club, Arsenal in the past but failed to achieve his objective.

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Valenciennes was formed in 1913 and plays its home matches at the recently built Stade du Hainaut.

The club have played 40 seasons in Ligue 1 and 36 seasons in Ligue 2.

The Athenians have never won the Ligue 1 title but have claimed the Ligue 2 title on two occasions.

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Valenciennes have also played in the French Cup final once.

They currently occupy 15th position on the Ligue 2 table.