Skip to main content

Africa's richest man targets Arsenal

Africa's richest man, Aliko Dangote, is working on a major oil refinery project in his native Nigeria. Once he's built it, he intends to buy Arsenal, his favourite football club.

Interviewed on his luxury yacht in Lagos by the Financial Times he said: 'I love Arsenal and will definitely go for it.' He reckons the club is worth about $2bn.

He has long been frustrated with the team's decline under Arsene Wenger. As owner he would involve himself in rebuilding the team, 'chipping in my own advice' as he puts it.

Neither of the leading shareholders has given any hint they want to sell their holdings.

Comments

  1. Thank you inadvance for trying to buy and salvage Arsenal aas you love the club and that is the most important element in the business. The cirrent main holder has said before that he doesn't care whether Arsenal win trophies or not as far as it is a profiting business for him . Bost Wenger Era needs a complete rebuilding of the team and squad , the shareholder has offered the new Arsenal manager Emery around £70 million as a transfer budget and that is not enough to buy one world class player as even Liverpool who are still rebuilding their stadium has spent £75 million to buy a central defender. Arsenal from being the invincibles today they are in the sixth place and going down the darin. Thank god that Mr Wenger has gone. Now Emery is doing a great job even with the small budget he is given , but we hope you take over and make a real investment to turn Asenal to one of the pillars of the world footbal

    ReplyDelete

Post a Comment

Popular posts from this blog

Threat of financial calamity removed from Baggies

West Bromwich Albion had effectively been in decline ever since the club was sold to a Chinese consortium in August 2016, paying a figure north of £200m to buy former owner Jeremy Peace’s stake. Controlling shareholder Guochuan Lai’s ownership was fairly disastrous for the club, but his unloved tenure finally came to an end after Bilkul Football WBA, a company ultimately owned by Florida-based entrepreneur Shilen Patel and his father Dr Kiran Patel, acquired an 87.8% shareholding in West Bromwich Albion Group Limited, the parent company of West Bromwich Albion Football Club. This change in ownership was urgently required, due to the numerous financial problems facing West Brom, including growing high-interest debt and serious cash flow concerns, following years of no investment from the former owner. Indeed, West Brom’s auditors had already rung the alarm bell in the 2021/22 accounts when they cast doubt on the club’s ability to continue as a going concern without making player s...

Spurs to sell minority stake

Tottenham Hotspur is in talks to sell a minority stake in a deal that could value it at up to £3.75 billion and pave the way for Joe Lewis and his family to sever ties with the Premier League football club. Tottenham chairman Daniel Levy is seeking an investment that values the club at between £3.5 billion and £3.75 billion, including debt. While the terms of any deal have not been finalised, City sources expect Spurs to sell about 10 per cent. The club is being advised by bankers from Rothschild on the sale. Tottenham wants to raise fresh capital for new player signings and to help fund the development of an academy for its women’s team, as well as a 30-storey hotel next to its north London stadium. The financier Amanda Staveley, who brokered the deal for Saudi Arabia’s Public Investment Fund to take over Newcastle United, is understood to be among the parties to have expressed an interest in Tottenham. Staveley’s fund, PCP Capital Partners, has raised about £500 million to ...

Millwall punch above their weight

Millwall’s season was overshadowed by the tragic death of owner John Berylson following a car accident. The American had been an exemplary owner, beloved by the fans for his leadership, passion and generosity. Millwall’s finances had been pretty good during his tenure, which we shall explore by looking at the most recent accounts from the 2022/23 season, when the club narrowly missed out on a place in the play-offs after finishing 8th. Millwall’s pre-tax loss slightly reduced from £12.6m to £12.2m, as revenue rose £0.8m (4%) from £18.6m to a club record £19.4m and player sales improved from a £0.1m loss to £2.5m profit. However, other operating income dropped from by £1.1m from £1.3m to £0.2m, while operating expenses increased £1.7m (5%) from £31.6m to £33.3m. The main driver of the revenue increase was broadcasting, which rose £1.1m (12%) from £9.1m to £10.2m, though match day was also up £0.4m (7%) from £5.8m to £6.2m. In contrast, commercial fell £0.7m (19%) from £3.7m to £3....