Arsenal to join Dangote Group soon, as Africa's richest man makes fresh acquisition bid

By Editor on 13/01/2020

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Arsenal one of the A-list premiership side in England, is to join the family of Dangote Group, the Nigerian conglomerate owned by the richest man in Africa, Aliko Dangote by next year, all things being equal.

The versatile billionaire with diverse interest, whose current business escapade is the building of the largest refinery in Africa in Lagos, has just rekindled his plan to buy Arsenal in the coming months, after an a lull in the intention, muted some years back.

Dangote, whose worth is put around $10billion (£7.7billion) according to Forbes, has long been interested in taking over the Gunners. The 62-year-old made his fortune through cement but his plans to invest in the north London club are far from concrete just yet.

Dangote told Bloomberg’s The David Rubinstein Show of his interest in Arsenal: ‘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.’

Before Arsenal fans get too excited about a vast injection of wealth, Dangote told Reuters in July 2018: ‘We will go after Arsenal from 2020… even if somebody buys, we will still go after it.’ That move failed to materialise.




Posted on January, 13 2020

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