Business Dangote Planning to Buy Arsenal After 2016

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LequteMan

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Nigeria - Africa's richest man Aliko Dangote is set make a bid to buy Arsenal Football Club after the year 2016.

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According to reports Dangote had previously been interested in purchasing the 15.9% stake sold to Kroenke for £123m by Lady Nina Bracewell-Smith in April 2011 only to pull out.

"We backtracked, because we were very busy doing other things, especially our industrialisation." he said.

However, Dangote has revealed that building a refinery in Nigeria will give him the finance to secure a takeover of the football club.

"When we get this refinery on track, I will have enough time and enough resources to pay what they are asking for," he said.

Dangote's refinery in Lagos state is expected to come on stream by the end of 2016 and will process 650,000 barrels of crude oil per day.
 
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