See why Aliko Dangote has regrets not buying Arsenal football club and future plans

• Aliko Dangote, Africa’s richest man, has once again expressed his long-standing love for Arsenal Football Club.
• He revealed his earlier intention to purchase the club and explained why he had to make a tough decision for his business projects
• Dangote now regrets not pursuing the acquisition sooner, noting that the club’s valuation has significantly increased since he first considered the idea

Legit.ng journalist Dave Ibemere has over a decade of business journalism experience with in-depth knowledge of the Nigerian economy, stocks, and general market trends.

Nigerian billionaire Aliko Dangote has revealed that he will no longer pursue his interest in buying Arsenal Football Club.

Speaking in an interview on Bloomberg TV in New York on Monday, Dangote stated that the opportunity to buy the club has passed.

Dangote is a strong Arsenal supporter Photo credit: Bloomberg/contributor
Source: Getty Images

Dangote noted that Arsenal's recent success has propelled its valuation from around $2 billion to $4 billion.

He said:

“When I wanted to buy, Arsenal wasn’t doing really well,."Now I don’t have that type of excess liquidity to go and buy a club for $4 billion and use it as a promotional tool. I would rather do something else with the money.”

Despite stepping back from a potential acquisition, Dangote remains a dedicated supporter of the club.

“I will continue to be the biggest fan of Arsenal and watch matches every time,. I will remain a major supporter of Arsenal.”

Dangote shares regrets

Aliko Dangote noted that he genuinely held an interest in buying Arsenal Football Club for $2 billion in the past but had to choose to complete his projects.

His words:

“I don’t think it makes sense to buy Arsenal today. Actually, I regret not buying it, but my money was needed more to complete my project than to purcahse Arsenal"

Bloomberg Index reports that Aliko Dangote is worth $13 billion and among the top 150 richest men in the world.

Dangote set to launch another project

Legit.ng reported that Aliko Dangote presented an 11-point industrialisation strategy for Nigeria.

Dangote stated that a knowledge-based system will drive the 11-point master plan at the 38th convocation lecture of Bayero University Kano.

Africa's richest man also addressed the audience on the "Role of the Private Sector in Building a Sustainable Knowledge Economy in Nigeria." He was represented at the event by his senior advisor, Mansur Ahmed.

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Source: Legit.ng