Nigerian billionaire businessman, African richest man, Aliko Dangote has explained why he decided against purchasing Arsenal FC despite previously considering a takeover of the club.
Dangote, a long-time supporter of the Premier League giants, said his attention at the time was fully directed towards completing his refinery project.
Speaking during an interview with Nicolai Tangen, Dangote said buying Arsenal eventually became “not worth the while.”
He said, “I’m a big Arsenal fan; yes, I nearly bought the team.
“When I was focused on buying Arsenal, I was also focused on the refinery getting to its completion.
“At the time, Arsenal was worth about 2 billion dollars, so I asked myself: Should I put my 2 billion dollars in Arsenal and allow the business to suffer, or continue the business and continue to remain a very big supporter of Arsenal?
“And today they are worth billions; it is not worth the while.”
