Dangote: Why I Want To Buy Arsenal In 2019

Africa’s richest man, Nigerian businessman Aliko Dangote, has reiterated his plans to buy Premier League club Arsenal.
Dangote, worth $10.9 billion according to the Bloomberg Billionaires Index, had said last year he would make a bid for the top English club but has now said he will wait for his business prospects to improve before putting his plans into fruition.
“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 told Bloomberg Television in New York on Wednesday night.
Bloomberg reports that Dangote, an Arsenal fan, has lost $4.4 billion this year, the fourth most of anyone globally, due mainly to the depreciation of the naira.
An acquisition of the team would make him the first African owner of a team in England’s Premier League.
“It’s not about buying Arsenal and just continuing with business as usual,” he added.
“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.”
Arsenal’s majority shareholder is currently American billionaire businessman Stan Kroenke who owns 67 per cent of the club..

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One Comments

  1. I will strongly advise that the £s you will use to buy Arsenal should be spent on a new club formed and registered by you and start from the scratch and rise to the Nigerian premier league or you take over an established club. Like what Ifeanyiuba is doing. With the amount of money to be spent, you can hire players from Brazil, Spain, Holland, Argentina and and build a posh hostel-like hotel for them. Every year you will take home the league and caf Champions league trophy with $millions earn. No need for Arsenal. Who will even allow an African to own a club in ENGLAND. Make money no miss road.

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