reports that the Nigerian billionaire reportedly made the disclosure on Wednesday during a television interview in New York but said that he is not in a position to acquire Arsenal now because his finances are committed towards completing more than $20 billion worth of infrastructure projects, including the construction of a refinery.
“It’s not about buying Arsenal and just continuing with business as usual,” Dangote said. “It’s about buying Arsenal and turning it around. I’ve run a very successful business and I think I can also run a very successful team.”
Dangote is now at least $2.5 billion poorer since forbes published its annual ranking of Billionaires in March. At the time, he was worth $15.4 billion. He now has a fortune of $12.9 billion, a fortune decline caused by Nigeria’s recent devaluation of the Naira.
Last year when Dangote reiterated his interest in acquiring a stake in Arsenal, he attracted widespread criticism from a wide section of Nigerians, many of whom insisted that his money would be better spent by acquiring a local Nigerian football team and promoting the Nigerian Premier League rather than spending on a foreign club.
-Forbes
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