Aliko Dangote expressed regret over not purchasing Arsenal Football Club when he had the opportunity. He prioritized completing his refinery project first, but now lacks the excess liquidity for the acquisition.
1. Dangote’s net worth: Over $20 billion (Forbes, 2022)
2. Arsenal FC’s valuation: Around $2.8 billion (Forbes, 2022)
3. Dangote’s business focus: Dangote Group (cement, sugar, refining)
4. Refinery project: Dangote Refinery (650,000 barrels/day capacity)
1. Business priorities: Dangote chose to focus on his core business interests.
2. Opportunity cost: Delaying the Arsenal FC purchase may have cost him the chance.
3. Liquidity: Dangote’s financial situation changed, making the acquisition less feasible.
1. “I still have the intention to buy Arsenal.” (2019)
2. “If I buy Arsenal, I will fire Wenger.” (2015, regarding former manager Arsène Wenger)
1. Arsenal fans: Mixed feelings, hoping for investment, but concerned about ownership change.
2. Business analysts: Understand Dangote’s priorities, but see potential for strategic investment.
