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Dangote To Make A Bid To Buy Up Arsenal FC

African richest man Aliko Dangote, 59 years old, who is believed to be worth around £8.3billion, has spoken of his interest to take over Arsenal on a number of occasions. Dangote spoke with Bloomberg and said he intends to make a bid for the club ‘within three to four years’.

‘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. “It’s not about buying Arsenal and just continuing with business as usual. ‘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 £15billion of projects, I cannot do both.’

Dangote attempted to buy shares in Arsenal 6 years ago. The richest man in Africa tried to take over the 15 per cent owned by Lady Nina Bracewell-Smith, who eventually sold her stake (shares) to Stan Kroenke, the current largest shareholder in Arsenal Football Club.

About Editor

Otunba Sayo Akintola is a 1992 graduate of Linguistics from the University of Ibadan, Oyo State. He holds a post-graduate diploma in Financial Management and MBA from Abubakar Tafawa Balewa University, Bauchi. He started his 12-year sojourn in journalism at the Nigerian Tribune in 1993 as Business and Economy reporter. He rose through the ranks to become the Group Business Editor of the nation’s oldest surviving private national newspaper, the Nigerian Tribune. He set up World Street Journal magazine in 2018.

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