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Wednesday, November 7, 2018

I'll Buy Another Club If Kroenke Doesn't Sell Arsenal

Aliko Dangote, Africa’s richest man, said he would consider buying a soccer club other than London-based Arsenal if controlling shareholder Stan Kroenke refuses to sell.

Dangote has long said 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, Nigeria. Also on his to-do list: The investment of billions of dollars in sugar, rice and dairy production in the West African nation and the sale of shares of his cement company in London.

“By the time we’ve finished, we’ll be a $30 billion 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.”

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