L
LequteMan
Guest
Nigeria- Africa's richest man, Aliko Dangote, has revealed the reason for his interest in buying North London's Arsenal Football Club.
According to Dangote, buying a Premier League team will help to raise Nigeria's profile in the world.
Dangote had been criticised by some people in Nigeria for not investing the domestic league there, but he thinks that the Gunners represent a better project.
'The issue is that if I buy all the Nigerian clubs, the Nigerian flags will continue to remain here,' Dangote told FORBES.
'Buying Arsenal will take the Nigerian flag worldwide. Just like whenever (Chelsea owner) Roman Abramovich is mentioned, the name of his country comes up. Everyone knows he's Russian.'
However it's hard to see how Abramovich's ownership of Chelsea has helped improve Russia's worsening economy. The country's currency is weak and its banks are ignoring its currency and giving out loans in Chinese Yuan.
Moreover this isn't the first time Nigerians would be buying expensive properties and staying at best hotels around the world.
Yet Nigeria's GDP for the year is expected to fall to a 5-year low, its currency, Naira, is getting weaker, and majority of its 170 million population lack uninterrupted power supply.
Dangote might however have other reasons for buying Arsenal that might favor Nigeria and Nigerians.
According to Dangote, buying a Premier League team will help to raise Nigeria's profile in the world.
Dangote had been criticised by some people in Nigeria for not investing the domestic league there, but he thinks that the Gunners represent a better project.
'The issue is that if I buy all the Nigerian clubs, the Nigerian flags will continue to remain here,' Dangote told FORBES.
'Buying Arsenal will take the Nigerian flag worldwide. Just like whenever (Chelsea owner) Roman Abramovich is mentioned, the name of his country comes up. Everyone knows he's Russian.'
However it's hard to see how Abramovich's ownership of Chelsea has helped improve Russia's worsening economy. The country's currency is weak and its banks are ignoring its currency and giving out loans in Chinese Yuan.
Moreover this isn't the first time Nigerians would be buying expensive properties and staying at best hotels around the world.
Yet Nigeria's GDP for the year is expected to fall to a 5-year low, its currency, Naira, is getting weaker, and majority of its 170 million population lack uninterrupted power supply.
Dangote might however have other reasons for buying Arsenal that might favor Nigeria and Nigerians.
