Africa’s richest man Aliko Dangote is planning to buy Arsenal FC within four years. The African tycoon revealed his intentions to purchase the Premier League giants in 2015.
Dangote told Bloomberg: “Maybe three to four years. The issue is that we have more challenging headwinds. I need to get those out the way first and start having tailwinds. Then I’ll focus on this.”
“It’s not about buying Arsenal and just continuing with business as usual. It’s about buying Arsenal and turning it around. I’ve run a very successful business and I think I can also run a very successful team. Right now, with what we’re facing, over $20 billion of projects, I cannot do both,” Dangote added.
The Nigerian owns the Dangote Group, which has interests in commodities. It operates in Nigeria and other African countries, including Benin, Ethiopia, Senegal, Cameroon, Ghana, South Africa, Togo, Tanzania, and Zambia. As of June 2016, he had an estimated net worth of US$14.9 billion.
[crp]
Leave a comment