Billionaire Aliko Dangote again declares plans to buy Arsenal

Ruben Hill
January 14, 2020

Well this news has been repeated in the past before but this time round, it looks certain that Africa's richest man Aliko Dangote will purchase Arsenal FC.

Now he has altered his plans, amid a holdup with his Dangote Refinery project.

In an interview with Bloomberg, broadcast on the most recent edition The David Rubinstein Show, Dangote - who has an estimated net worth of $14.1bn - reiterates his intentions for the Premier League outfit.

Aliko Dangote is now the 136 richest person in the world according to the Forbes list, with huge investment in cement and stakes in publicly-traded salt, sugar and flour manufacturing companies.

He had promised a takeover bid in 2020 but with his refinery still under construction, he has moved the date back. However, even with Dangote making his intentions clear, it remains to be seen whether Kroenke would be interested in discussing a deal next year, if at all.

"I'm buying Arsenal when I finish all these projects because I'm trying to take the company to the next level".

"I'm trying to finish building the company and then after we finish, maybe sometime in 2021 we can", the 62-year-old African business giant said.

Arsenal have been left languishing in 10th in the Premier League after a torrid end to the reign of former manager Unai Emery's, but there have been signs of life after the appointment of Mikel Arteta.

The Arsenal board headed by Stan Kroenke have long faced criticism from dissatisfied Arsenal fans as their team continue to struggle to contend for silverware.

Dangote told Bloomberg TV's David Rubenstein that "Ghana is a very good place to invest", touting the credentials of Accra as one of the top investment destinations in the sub-region.

Other reports by Click Lancashire

Discuss This Article

FOLLOW OUR NEWSPAPER