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Dangote changes mind on buying Arsenal

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Dangote
Aliko Dangote, Nigeria's and Africa's richest man

 

By Yemi Bakare,

 

President of Dangote Group and Africa’s richest man Aliko Dangote, has said that he would turn his attention to buying another football club if Arsenal owner Stan Kroenke refuses to sell.

Dangote does not think this is the right time to buy the Premier League club because he wants to complete one of the world’s largest oil refineries in Lagos, Nigeria.

”I’m very attached to Arsenal but if he won’t sell, I might have to change,” Dangote told Bloomberg TV at the New Economy Forum in Singapore.

”I’m very much a fan of football. I have to have a club. I don’t have to own Arsenal.”

The 61-year-old Aliko Dangote is worth $11.2 billion, according to the latest Bloomberg Billionaires Index.

Arsenal is the sixth-largest soccer club in the world, generating revenue of 488 million euros ($556 million) in the 2016-17 season, according to Deloitte LLP.

 

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