Premier League

Dangote makes Arsenal takeover statement amid $30 billion worth prospect

Africa’s richest man, Aliko Dangote has stated that he will consider buying another football club if Arsenal owner Stan Kroenke decides to turn down an offer to sell.

Dangote is a fan of the North London side and has on several occasions reiterated his desire to buy the club.

In 2017, the Nigerian billionaire affirmed his future takeover plans, stating that he will launch a bid when he completes his giant oil refinery project in Lagos.

“If they get the right offer, I’m sure they would walk away. Someone will give them an offer that will make them seriously consider walking away,” Dangote said in August, last year.

“And when we finish the refinery, I think we will be in a position to do that.”

The 61-year-old made it known few months ago that he would be ready to launch a bid in two years time: “We will go after Arsenal from 2020, even if somebody buys, we will still go after it,” Dangote said in July.

Speaking to Bloomberg TV on Tuesday, he however made it known that he may have to consider buying another club if he faces stern resistance from Kroenke, who recently took full charge of Arsenal after a tussle with former co-owner Alisher Usmanov.

“I’m very attached to Arsenal but if he won’t sell, I might have to change,” said Dangote.

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

“By the time we’ve finished [the oil refinery], we’ll be a $30bn [£22.8bn] company in terms of revenue.”

Worth £8.5 billion, Dangote believes he will be more than capable of buying the North London side in early 2020 after the completion of one of the world’s biggest refineries in Lagos.

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

The best Nigerian sports coverage, covering: Football, Basketball, Athletics, Formula 1, Tennis, Combat Sports, Table Tennis and much more.

Copyright © 2018 Jollof Sports, Gidital Media.

To Top