Aliko Dangote, Chairman of Dangote Group, has expressed regret over missing the opportunity to buy Arsenal for $2 billion in the past.
Speaking with Bloomberg’s Francine Lacqua in New York on Monday, Dangote acknowledged that the chance to purchase the Premier League club may have passed.
“I think that time has passed. The last time we had this interview, I mentioned that once I finished the refinery, I would try to buy Arsenal,” he said.
“But the issue now is that everything has gone up, and the clubs are doing well—especially Arsenal, who are performing exceptionally well now.
Back then, they weren’t doing as well.”He continued, “I don’t think I have the excess liquidity to buy a club for $4 billion just for promotional purposes. I’d rather invest the money elsewhere.
I’ll always remain Arsenal’s biggest fan and continue watching their games, but buying the club doesn’t seem sensible at this point.
.”Reflecting on the missed opportunity, Dangote added, “I do regret not buying Arsenal earlier when I could have for $2 billion, but at the time, my resources were more needed for completing my other projects.”
