The President and Chief Executive of Dangote Group, Alhaji Aliko Dangote has expressed regret for not buying Premier League Club, Arsenal FC.
He said it appears that the “time has passed” for him to buy the club stating that he wished he had bought the English side club when the team was valued at around $2 billion.
The billionaire business mogul in 2020 made known his intention to go for the North London club after his refinery project.
However, speaking in an interview with Bloomberg’s Francine Lacqua in New York, Dangote explained that he missed out on buying Arsenal by committing his resources to the refinery project.
He said, “I think that time has passed. The last time when we had this interview, I told you 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, Arsenal is doing extremely well right now. That time Arsenal wasn’t doing well.
“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.
“But what I will do is to continually be the biggest fan of Arsenal. I watch their games anytime they are playing. So, I will remain a major supporter of Arsenal but I don’t think it makes sense today to buy Arsenal.’
When asked if he regretted not buying when Arsenal’s value was lower, he 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. I would have bought the club for $2 billion but you know I wouldn’t have been able to finish my project. So, It was either I finish my project or go and buy Arsenal.”
