Why I Regret Not Buying Arsenal – Dangote

Aliko Dangote, Africa’s richest man, has expressed regret for not buying Arsenal Football Club when he had the chance.

In an interview with Bloomberg’s Francine Lacqua, Dangote said he wished he had bought the club when it was valued at $2 billion.

“I think that time has passed. The last time we had this interview, I told you that as soon as I finish with the refinery, I am going to try and buy Arsenal. But you know, everything has gone up, and the club too is doing very well,” Dangote said.

He explained that he missed out on buying Arsenal because he committed his resources to the refinery project.

“I think I don’t have that kind of excess liquidity to go and buy a club for $4 billion, so to speak, and use it as a promotional something.”he said.

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Dangote, however, said he would continue to be a major supporter of Arsenal. “I watch their games anytime they are playing. So, I will remain a big fan of Arsenal, but I don’t think it makes sense today to buy Arsenal.”

When asked if he regretted not buying the club when its value was lower, Dangote said, “Actually, I regret not buying it before, but you know my money was more needed in completing my project (Dangote refinery) than buying Arsenal.”