Dangote considers buying an EPL Side asides Arsenal

Nigerian business mogul and Africa’s richest man, Aliko Dangote, has stated that he will consider buying another football club aside his beloved London-based Arsenal if controlling shareholder Stan Kroenke refuses to sell his stake to him.

The Billionaire who made his money off various Commodities in Nigeria and Africa has expressed his desire publicly to take over at the Emirates for several years even though an initial bid to join Arsenal’s hierarchy collapsed in 2010.

Dangote in a recent interview, maintained that he wants to buy the Premier League team, of which he’s a fan, but only after he’s completed one of the world’s biggest oil refineries in Lagos.

“By the time we’ve finished the world’s biggest oil refinery in Lagos, we’ll be a $30bn company in terms of revenue,” he said in an interview with Bloomberg TV at the New Economy Forum in Singapore.

“We’ll have an excess amount of cash to start playing around with.”

Kroenke owns almost all of Arsenal after buying Russian billionaire Alisher Usmanov’s 30 per cent stake in August in a deal that valued the club at about £1.8bn. It was funded with a £557m, two-year loan from Deutsche Bank AG.

Dangote needs a Wife

Bloomberg Billionaires Index reports that Stan Kroenke, who is worth $8bn, also controls the National Football League’s Los Angeles Rams.

“I’m very attached to Arsenal but if he won’t sell, I might have to change,” said Dangote, 61 years old and worth $11.1bn. “I’m very much a fan of football. I have to have a club. I don’t have to own Arsenal.”

“The refinery is scheduled to start producing fuel in early 2020, and Lagos-based Dangote Cement Plc will probably be listed in London around September next year, he added.