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. an old old old article

    ReplyDelete
  2. 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

It's no deal say Spurs insiders over Taiwanese takeover

Senior figures at Tottenham Hotspur insisted on Friday that they had not been informed of any deal to sell Daniel Levy’s stake in the club. A business group, Eight Sports Capital — which is said to include a billionaire Taiwanese financier — claimed that it had an agreement in place to buy a 24.99 per cent stake in ENIC, the club’s majority owners, from Levy, who owns 29.88 per cent. The Times has been told Ng Wing Fai and Brooklyn Earick form part of the group, having both been linked previously to potential takeovers of the Premier League club. The Taiwanese businessman, Richard Tsai, is also said to be part of the consortium. He is reportedly worth £7 billion.  Last year Earick, the former DJ and tech entrepreneur, was part of an attempted £4.5 billion takeover, which was “unequivocally rejected” by Spurs.  An ENIC spokesperson said: “We can confirm that neither ENIC nor THFC are aware of any sale by Daniel Levy’s Family Trust of its minority stake in ENIC, THFC’...

Reports about Charlton sale exaggerated

Reports have appeared in The Guardian and elsewhere that Charlton has been put up for sale. Richard Cawley is an authoritative local journalist who runs a South London Sport substack site.  He reached out to the club yesterday evening to ask for comment on The Guardian’s article. Early indications from the club have been that nothing has changed since the story about them seeking investment, except that it is now a different company doing it. Charlton have since managed to consolidate their place in the Championship, avoiding an instant return to League One, with their women’s side promoted to the WSL, returning to the top flight for the first time since 2007, although staying there is likely to be costly. It would be counter-intuitive for owners Global Football Partners not to progress the club when looking for investment, that the focus remains on driving it forward, that their spend this summer is in line with long-term planning and will see an increase in wages spent on players...

Levy's anomalous status at Spurs

It is now nearly a year since Daniel Levy was dismissed as Tottenham Hotspur chairman by the Lewis family.  It has been 12 months of dramatic twists and turns, with Spurs avoiding relegation on the final day of the Premier League season, and then spending unprecedented sums this summer to try to make sure such a scare never happens again. But while most fans focus on the football — and a dubbing by Brentford   — another set of issues have been bubbling away separately. These relate to Levy’s continued position as a minority shareholder in the club. This has been in the news for much of this summer, even as we approach the first anniversary of Levy’s dismissal, and specifically this month, after he missed the opportunity last week to participate in the Lewis family’s latest equity injection into the club. On Thursday morning the club confirmed that his shareholding has been diluted, down by roughly two per cent, after the creation of new ENIC shares. Levy’s dism...