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Aliko Dangote Plans to Buy Arsenal in Four Years

Daniel Oyetoro by Daniel Oyetoro
September 22, 2016
Reading Time: 1 min read
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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.

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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.”

Tags: Aliko Dangote

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Comments 7

  1. Flora Sidney says:
    10 years ago

    He will buy Nigeria soon

    Reply
  2. Leonard Olufemi Alabi says:
    10 years ago

    No wonder,he has his eyes on NLNG plant.

    Reply
  3. Mike Ayo says:
    10 years ago

    OK u can buy it

    Reply
  4. Ugo Moses says:
    10 years ago

    What is he waiting for ?

    Reply
  5. Abunamadi Namadi says:
    10 years ago

    That’s foolishness myopic thinking you country dont need such at all what benefits are we going to have from this

    Reply
  6. Stanley Emeka says:
    10 years ago

    The guy still get that kind money to buy arsenal football club

    Reply
  7. Lawal Temitope Dorcas says:
    10 years ago

    Guess his wish was before recession.

    Reply

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