May 5, 2015

Aliko Dangote to buy Arsenal Football Club

Africa’s richest man, Aliko Dangote, has said he is 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.

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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