Nigerian billionaire Aliko Dangote once expressed interest in purchasing Premier League club Arsenal but ultimately chose to wait, a decision he now regrets.
In 2020, amid Arsenal’s struggles under coach Mikel Arteta and growing discontent with owner Stan Kroenke, Dangote, then Africa’s richest man with a net worth of $23.9 billion, considered an investment in the club, valued at $2 billion at the time.However, Dangote decided to focus on completing his refinery project before pursuing the acquisition of Arsenal.
This choice has since proven to be unwise, as he recently acknowledged in a Bloomberg interview in September 2024, indicating that Arsenal’s value has now more than doubled, making the club financially out of reach for him.Dangote admitted, “I think that time has passed,” emphasizing that while he was eager to buy the club once his refinery was completed, the rising costs and the club’s improved performance under Arteta have made the investment less feasible.
He expressed his continued support for Arsenal, stating he enjoys watching their games, but acknowledged that buying the club now doesn’t make sense given his financial situation.
He reflected on the decision to prioritize his refinery over the club, admitting he regrets not proceeding with the purchase when he had the chance.
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