Aliko Dangote Reflects on Missed Opportunity to Buy Arsenal

In a recent interview with Bloomberg’s Francine Lacqua, Aliko Dangote, President and CEO of Dangote Group, expressed regret over not acquiring Arsenal Football Club when its value was lower.

Dangote had considered purchasing the team for $2 billion but opted to prioritize his refinery project instead. With Arsenal’s value now significantly higher, around $4 billion, he considers the acquisition unfeasible.

“I would have bought Arsenal, but I needed my resources for the refinery project,” Dangote said. “Now, it’s not feasible for me to spend that amount on a promotional venture.”

Although his ambition to own Arsenal has been put to rest, Dangote remains a devoted fan, regularly watching their games.

Dangote first announced his intention to buy Arsenal in 2020, following his refinery project’s completion. As the founder of West Africa’s largest conglomerate, the Dangote Group, his business priorities took precedence.