Buying Arsenal club now will not be sensible - Aliko Dangote
Aliko Dangote, the prominent Nigerian billionaire, has recently reflected on his past decision not to pursue the opportunity to acquire Arsenal Football Club when it was significantly undervalued.
In a conversation with Bloomberg’s Francine Lacqua, he revealed that he had chosen to concentrate his financial efforts on completing his refinery project rather than investing in the London-based football club, which at that time was estimated to be worth around $2 billion.
Looking back, Dangote acknowledged that the moment for such a purchase has now passed, especially considering the sharp increase in the club’s value, which currently stands at approximately $4 billion.
He admitted that he now sees the financial landscape quite differently, as Arsenal has been performing exceptionally well and growing in value.
Despite expressing a sense of regret over the opportunity he let slip by, he remains a dedicated supporter of the team.
However, he believes that the financial implications of acquiring the club today would not be sensible. Dangote’s commitment to Arsenal as a fan continues unabated, even as he reassesses the practicality of ownership in light of the club’s current valuation.
“I think that time has passed… everything has gone up, and the club too is doing very well.”
“Actually, I regret not buying it before… but my money was more needed in completing my project.”
“I will remain a major supporter of Arsenal but I don’t think it makes sense today to buy Arsenal.”
Aliko Dangote is a renowned Nigerian entrepreneur and industrialist, celebrated for his pioneering achievements in West Africa’s business landscape.
As the founder, chairman, and CEO of the Dangote Group, he has successfully established the largest industrial conglomerate in the region.
Notably, he has made history as the first individual to build a private refinery in Nigeria, cementing his legacy as a trailblazer in the industry.
Source: NewsandVibes.com
About The Author
