I don’t have enough money to buy Arsenal now – Aliko Dangote

By Babajide Adekunle

Nigerian billionaire Aliko Dangote has stated that he does not have enough money to acquire English Premier League club Arsena FCl. Dangote, who owns a conglomerate that encompasses fast-moving goods, cement production, and an oil refinery, has previously indicated interest in purchasing the English team, which is presently fourth in the Premier League table.

He had missed the previous offer to acquire the club at $2 billion. Dangote told Bloomberg’s Francine Lacqua in New York that he had thought he would be able to fulfil his wish after completing his multi-billion dollar refinery

He said, “I think that time has passed. The last time when we had this interview, I told you as soon as I finish with the refinery, I am going to try and buy Arsenal.

“But you know everything has gone up and the club too is doing very well, Arsenal is doing extremely well right now. That time Arsenal wasn’t doing well.

“I think I don’t have that kind of excess liquidity to go and buy a club for $4 billion so to speak and use it as a promotional something.

“But what I will do is to continually be the biggest fan of Arsenal. I watch their games anytime they are playing. So, I will remain a major supporter of Arsenal but I don’t think it makes sense today to buy Arsenal.’

“Actually, I regret not buying it before but you know my money was more needed in completing my project (Dangote refinery) than buying Arsenal. I would have bought the club for $2 billion but you know I wouldn’t have been able to finish my project. So, It was either I finish my project or go and buy Arsenal.”