Aliko Dangote reveals why he passed on buying Arsenal
Africa’s richest man, Aliko Dangote, has revealed that he once had the opportunity to buy Premier League giants Arsenal but chose to prioritise one of his biggest business ventures instead.
In a recent interview with Bloomberg’s Francine Lacqua in New York, the Nigerian billionaire reflected on his long-standing dream of owning the London club.
He explained that when Arsenal was valued at about $2 billion, he was prepared to make a move, but the massive resources required to complete the Dangote Refinery forced him to put the idea aside.
“I believe that window has closed. The last time we spoke, I said that once the refinery was done, I would make a move for Arsenal. Unfortunately, I wasn’t able to follow through,” he said.
Dangote admitted he regrets not moving earlier, especially since Arsenal’s value has now skyrocketed to more than $3.4 billion, nearly double what it was when he considered the purchase.
“Actually, I regret not buying it before, but you know my money was more needed in completing my project (Dangote Refinery) than buying Arsenal. I would have bought the club for $2 billion, but I wouldn’t have been able to finish my project. So, it was either I finish my project or go and buy Arsenal,” he explained.
Although he concedes the investment would now be more promotional than practical, Dangote said he remains a passionate supporter of the Gunners and makes sure he never misses a game.
