BrandArena: Africa’s richest man Aliko Dangote keen on buying Arsenal

Wednesday 6 May 2015

Africa’s richest man Aliko Dangote keen on buying Arsenal

Africa’s richest man, Aliko Dangote, said he still wants to buy English Premier League football team Arsenal even after he was rebuffed by its owners five years ago.

Nigeria’s Dangote, an Arsenal fan worth $15.7 billion, according to the Bloomberg Billionaires Index, and is reported to have wanted to buy into Arsenal when the former director Lady Nina Bracewell-Smith was selling her shares in 2010.

Arsenal’s current majority shareholder is the American tycoon Stan Kroenke, who remains committed to the Premier League club for the long term. The Uzbek magnate Alisher Usmanov controls approximately 30% and has also expressed no desire to offload any of his stock.

Speaking to Bloomberg, he said: “I still hope, one day at the right price, that I will buy the team. I might buy it, not at a ridiculous price but a price that the owners won’t want to resist. I know my strategy.”

“We have $16bn-worth of investments in the next few years. Right now I want to take my own business to a certain level. Once I finish on that trajectory, then maybe,” he said.

Arsenal team as continue to grow bigger and better and may win the FA again this season.

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