Dangote ready to buy Arsenal ‘whatever the price’



Nigerian billionaire Aliko Dangote insists that soon he will have ‘enough time and enough resources’ to buy Arsenal football club, whatever the price.

Dangote, 58, is Africa’s richest man having amassed a fortune in the region of $18.4 billion (£12.2 billion). He is currently the 67th richest man in the world.



He first spoke of his interest in purchasing the Gunners last month when he admitted that ‘one day’ he hoped to buy the club, adding that he ‘already knew’ his strategy to take them forward.

That day may arrive sooner than first expected, with Dangote telling the BBC yesterday that completion of his proposed oil refinery in Nigeria will provide the funds necessary to launch a takeover of the club.

“When we get this refinery on track, I will have enough time and enough resources to pay what they are asking for,” he told BBC Hausa.

“There were a couple of us who were rushing to buy, and we thought with the prices then, the people who were interested in selling were trying to go for a kill,” Dangote continued.

“We backtracked, because we were very busy doing other things, especially our industrialisation.”
“They are doing well, but they need another strategic direction,” he added. “They need more direction than the current situation, where they just develop players and sell them.”

Stan Kroenke is Arsenal’s majority shareholder, with the American owning 66.64% of the club’s parent company, Arsenal Holdings plc.
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  1. Why not buy out the struggling states in Nigeria that cannot pay workers salaries. At least you make your money from Nigeria. Don't waste the resources that you have enjoyed in this nation for the interest of other nationals.

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  2. Too much money, why not help Nigerians and the government and your name will be written in gold forever, God bless you so that you can be a blessing to those who did not have, go round in Nigeria and you will see alot of things Nigeria and Nigerians are lacking and as you do so God will bless you beyond your imagination

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