It Doesn’t Make Sense For Me To Buy Arsenal Now – Dangote

Nigerian billionaire businessman and chairman of the Dangote Group, Aliko Dangote, has stated that it would make no sense for him to show interest in acquiring English Premier League club, Arsenal, at the moment.

In 2020, Dangote revealed his plans to take over the North London team following the completion of his refinery project.

However, during a recent interview on Bloomberg TV in New York, the millionaire admitted that the opportunity to buy Arsenal has gone by, noting that the team is now worth around $4 billion.

Dangote expressed disappointment in his choice to not invest in Premier League team Arsenal for $2 billion four years ago.

He further clarified that his current financial situation does not allow him to justify spending $4 billion on Arsenal.

“I think that time has passed,” Dangote said.

“The last time we had this interview, I told you that, yes, as soon as I finished with the refinery, I was going to try and buy Arsenal. But the issue is that everything has gone up. The clubs are all doing well, and Arsenal is doing extremely well now. At that time [when I wanted to buy], they were not doing very well.”

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He emphasised that investing in his refinery project was the right decision at the time. “I regret not buying Arsenal before. But my money was needed to complete my projects rather than buying Arsenal. I would have bought it for $2 billion, but I wouldn’t have been able to finish my project.”

He, however, Dangote said he remained a devoted Arsenal supporter.

“I’ll continue to be the biggest fan of Arsenal. I watch their games every time and will remain a major supporter, but I don’t think it makes sense today to buy Arsenal.”

Reflecting on his decision, Dangote added, “Actually, I regret not buying Arsenal before, but completing my project was the right move.”

As of September 2024, Dangote stands as the wealthiest individual in Africa, with a net worth estimated at $13.4 billion.