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Thursday, September 22, 2016

Billionaire Nigerian Businessman Aliko Dangote plans to buy Arsenal F.C. in 4 years

Aliko Dangote, Africa/Nigeria’s richest man, has clearly re-stated his plans to buy London-based professional football club 'Arsenal' , in four years time. In an interview with Bloomberg TV in New York on Wednesday, Dangote stated that there’s no doubt he’ll buy Arsenal and it’s not a problem of money.

“Maybe three to four years. The issue is that we have more challenging headwinds. I need to get those out the way first and start having tailwinds. Then I’ll focus on this.”


Dangote, reportedly worth around £8.3billion, announced his intention to buy Arsenal last year. But his business prospects needs to improve and investments in gas pipelines/oil refinery have to to pay off before making the expensive acquisition.

“It’s not about buying Arsenal and just continuing with business as usual,” he said. “It’s about buying Arsenal and turning it around. I’ve run a very successful business and I think I can also run a very successful team. Right now, with what we’re facing, over $20 billion of projects, I cannot do both.”

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