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Aliko Dangote set to buy Arsenal football club

In an interview on Bloomberg’s David Rubinstein show, Africa’s richest man Aliko Dangote disclosed plans to take over the English premier league side, Arsenal. According to him, the team has since been on his heart. He also made it clear that he will go after the club even if somebody buys it.

In his own words, Dangote said, “it (Arsenal) is a team that, yes I would like to buy someday but what I keep saying is, we have $20billion worth of projects and that’s what I really want to concentrate on”.

From the statement, it is clear that the multi-million refinery is the sole hindrance to the financial mogul’s plans to buy the team earlier than expected. He further clarified that “I’m trying to finish building the company and then after we finish, maybe sometime in 2021, we can”.

The 62 years old African billionaire has recently been rated by Bloomberg as the 96th richest man on earth as he earns $4.3billion in 2019 alone. As of January 2020, he had an estimated worth of $10billion.

These figures show that Dangote is not only making strides in Africa but also making great impacts at the world level. His successes are proceeds of his investment in sugar, flour and cement production. His cement factory alone, which is considered the largest cement factory on the continent accounts for more than a fifth of the entire stock exchange value of Nigeria, which is the biggest economy in Africa in terms of nominal GDP.

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