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Monday, January 13, 2020

Dangote - "I Am Buying Arsenal Football Club In 2021, After Completing My Refinery"

Nigerian billionaire and the richest man in Africa, Aliko Dangote has again made no secret of his desire to buy Arsenal Football Club of England.
Dangote has made another statement outlining his plans to takeover from current owner Stan Kroenke

The 62-year-old billionaire, who happens to be a fan of the Club has admitted that he is planning to launch a future takeover bid because of his desireto take the Club to the next level. 

Dangote, who is at number 136 on Forbe's rich list and owns nearly 85% of the publicly-traded Dangote Cement through a holding company. He also owns stakes in publicly-traded salt, sugar and flour manufacturing companies.

According to Forbes the Dangote Refinery has been under construction for three years and is expected to be one of the world's largest oil refineries once complete.

And it is that project that is keeping the billionaire from making a move to buy Arsenal from Stan Kroenke right now.

Now, with the Dangote Refinery still in process, Dangote has altered his plans and made the big claim that he will buy the club sometime in 2021.

Speaking on the David Rubenstein Show in America, during an interview, Dangote said: "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."

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