Aliko Dangote is reportedly closing in on buying French Ligue 2 club, Valenciennes, Sportivationng.com reports.
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The Africa’s richest man is set to acquire 60% ownership of club according to French news outlet, Entreprendre.
Valenciennes currently occupy the 15th position in the French Ligue 2, playing their home games at the Stade du Hainault.
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They have won the Ligue 2 title twice and played in the French Cup final once.
The Athenians were relegated to the Ligue 2 in 2014 ans have failed to return to the Ligue 1 since then.
Dangote has been linked with buying Premier League club, Arsenal in the past.
Valenciennes will take on Bordeaux in the French Ligue 2 on Saturday.
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