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Dangote reveals intent to buy Arsenal in 2021

Aliko Dangote


Dangote reveals intent to buy Arsenal in 2021

Africa’s richest man and owner of the Dangote Group, Aliko Dangote, has again reiterated his intention to buy Arsenal Football Club.

However, the oil magnate, who initially said he would buy the club in 2020, has shifted the goal post to 2021.

During the last five years, the 62-year-old has made separate claims, on no less than five occasions, about his want to lead an Emirates takeover.

Dangote, who is the 96th wealthiest man in the world, according to Bloomberg’s Billionaire’s Index, started his first business at the age of 21 and also founded Africa’s largest cement provider, stated in 2018 his desire to make a move for the North London club in 2020.

“We will go after Arsenal from 2020… even if somebody buys, we will still go after it,” he told Reuters in 2018.

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

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The Dangote Refinery remains under construction in the remote Ibeju-Lekki suburb of Lagos and is expected to be one of the world’s largest oil refineries once complete.

However, with that project having experienced numerous delays and now not set to be completed until 2021, Dangote’s timescale has changed.

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.

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He states:

“It is a team that yes I would like to buy some day, but what I keep saying is we have $20billion worth of projects and that’s what I really want to concentrate on.

“I’m trying to finish building the company and then after we finish, maybe some time in 2021 we can.

“I’m not buying Arsenal right now, I’m buying Arsenal when I finish all these projects, because I’m trying to take the company to the next level.”

Arsenal are currently owned by Stan Kroenke, through his Kroenke Sports & Entertainment group, with the American having come in for widespread criticism in recent years.

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