In a candid interview with Bloomberg’s Francine Lacqua in New York, Aliko Dangote, president and CEO of Dangote Group, revealed his lingering regret over not purchasing Arsenal Football Club when he had the chance.
The Nigerian billionaire, valued at over $20 billion, had considered buying the prestigious club when its value was approximately $2 billion.
However, Dangote’s commitment to completing his refinery project took priority, forcing him to put his football ambitions on hold. “I think that time has passed,” he said, reflecting on his past discussions about owning a football club.
Dangote had previously expressed interest in buying Arsenal in 2020, after completing his refinery project. Now, with the club’s value skyrocketing to around $4 billion, he considers the purchase price prohibitive. “I don’t have the kind of surplus funds to purchase a club for $4 billion as a promotional venture,” he admitted.
Despite abandoning his ambition to take over at the Emirates Stadium, Dangote remains a devoted Arsenal fan. “I make it a point to watch their games whenever they play, and I will continue to support them,” he assured.
When asked if he regretted not buying Arsenal earlier, Dangote confessed, “I do wish I had purchased it earlier, but at the time, my funds were better allocated to completing my refinery project.” He rationalized his decision, saying, “It was a choice between finishing my project and acquiring Arsenal. I couldn’t have done both.”
Dangote’s focus on his business empire has paid off, with the Dangote Group, founded in 1981, becoming the largest conglomerate in West Africa. Though his football dreams may be on hold, his entrepreneurial spirit and dedication to his business continue to drive his success.
The billionaire’s honest reflection serves as a reminder that even the wealthiest individuals must make tough choices between passion and priority. For now, Dangote will remain a loyal Arsenal supporter, cheering from the sidelines rather than from the owner’s box.
Source: Apexnewsgh/Ngamegbulam Chidozie Stephen
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