Dangote insists on buying Arsenal

Africa’s richest man, Aliko Dangote, has said he is still working towards buying Arsenal Football Club, despite the fact that his bid to acquire a stake in the club was rebuffed by the owners in 2010.

In an interview with Bloomberg, while he traveled on a plane owned by one of his companies from Addis Ababa to Lagos last Friday, Dangote expressed hope that his new strategy will work and he will buy the north London club at a price the owners won’t want to resist.

“I still hope, one day at the right price, that I’ll 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,” Dangote, a known fan of the north London club, said.

Dangote is worth $15.7bn, and has interests in cement, sugar and flour. He is currently investing $11bn in a 650,000 barrel-a-day oil refinery near Lagos, and $2.5bn in gas pipelines running from Niger-Delta to Lagos.

He however noted that his new bid for the control of Arsenal would likely come in a few years after he was done with current investments and had taken his business to a certain level.

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