Speaking in an interview on Bloomberg TV in New York on Monday, Africa’s wealthiest business mogul, Aliko Dangote, has explained why he no longer intends to purchase the English football club, Arsenal, which is valued at approximately $4 billion.
“I think that time has passed. The last time when we had this interview, I told you that as soon as I finished the refinery, I’m going to try and buy Arsenal.
“The issue is that you know, everything has gone up. The club is doing very well. Arsenal is doing very well. That time, Arsenal wasn’t doing really well. I think you know, I don’t have that kind of excess liquidity to go and buy a club for $4 billion dollars, so to speak, and use it just as a promotional something.
“What I will do is to continue to be the biggest of Arsenal. I watch their games everyday. I will remain a major supporter of Arsenal. But I think it will make sense today to buy Arsenal,” Dangote said.
