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Dangote Insists on Buying Arsenal

Allwell Okpi | Punch   in 
May 7, 2015

Africa’s richest man, Aliko Dangote, has said he is still working towards buying Arsenal Football Club, despite the fact that his bid to acquire a stake in the club was rebuffed by the owners in 2010.

In an interview with Bloomberg, while on a journey from Addis Ababa to Lagos last Friday, Dangote expressed hope that his new strategy would enable him buy the north London club at a price the owners won’t want to resist.

He said, “I still hope, one day at the right price, that I’ll buy the team. I might buy it, not at a ridiculous price but a price that the owners won’t want to resist. I know my strategy,” Dangote, a known fan of the north London club, said.

Dangote is rated to be worth $15.7bn, and has interests in cement, sugar and flour. He is currently investing $11bn in a 650,000 barrel-a-day oil refinery in Ondo State, and $2.5bn in gas pipelines running from the Niger-Delta area to Lagos


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