Africa’s richest man, Aliko Dangote, said he still wants to buy
English Premier League soccer team Arsenal even after he was rebuffed by
its owners in 2010.
Nigeria’s Dangote, an Arsenal fan worth $15.7 billion, according to
the Bloomberg Billionaires Index, discussed buying a stake in the club
five years ago before talks with the owners fell through, he said. Since
then his wealth has grown more than sevenfold.
“I still hope, one day at the right price, that I’ll buy the team,”
Dangote, 58, said in an interview as he traveled on a plane owned by one
of his companies between the Ethiopian capital Addis Ababa and the
Nigerian commercial hub of Lagos recently. “I might buy it, not at a
ridiculous price but a price that the owners won’t want to resist. I
know my strategy.”
Arsenal is one of England’s most successful clubs, having won 13 top
flight league titles in the country, the most after Manchester United
and Liverpool. Arsenal Holdings Plc., the owner, is valued at 988
million pounds ($1.49 billion).
A successful bid would make Dangote the first African owner of a club
in a league where billionaires including Russia’s Roman Abramovich, the
owner of Chelsea, and Abu Dhabi’s Sheikh Mansour bin Zayed al Nahyan,
who controls Manchester City, have acquired teams.
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