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Dangote Reacts To Orji Uzor Kalu’s Arsenal Takeover Claim

Africa’s richest man Aliko Dangote has always spoken up about his ambition to own English Premier League giants Arsenal in the nearest future.

However, Dangote who is currently worth £8.5 billion may face competition in his fellow billionaire compatriot Orji Uzor Kalu in the takeover bid at the Emirates.

Uzor Kalu, former Governor of Abia State a current Senator and a diehard fan of Arsenal, had announced his intention to by 35% stake of the club.

Dangote, a diehard Arsenal fan himself, had announced in 2015 his interest to purchase Stan Kroenke’s 15.9% stake.

“There were a couple of us who were rushing to buy, and we thought with the prices then, the people who were interested in selling were trying to go for a kill,” he said.

“We backtracked, because we were very busy doing other things, especially our industrialisation.

“When we get this refinery on track, I will have enough time and enough resources to pay what they are asking for.”

Dangote also thought he could take the club in a different direction when it came to their business strategy.

“They are doing well, but they need another strategic direction,” he added.

“They need more direction than the current situation, where they just develop players and sell them.”

And in 2016, Dangote took things a step further by claiming he would turn the club’s fortunes around.

“It’s not about buying Arsenal and just continuing with business as usual,” he said.

“It’s about buying Arsenal and turning it around. I’ve run a very successful business and I think I can also run a very successful team. Right now, with what we’re facing, over $20 billion of projects, I cannot do both.

“There’s no doubt (I’ll buy Arsenal), It’s not a problem of money.

“The issue is that we have more challenging headwinds. I need to get those out the way first and start having tailwinds. Then I’ll focus on this.”

Then a year later Dangote explained how he would be able to tempt the owners into selling.

“If they get the right offer, I’m sure they would walk away,’ he said. “Someone will give them an offer that will make them seriously consider walking away.

“And when we finish the refinery, I think we will be in a position to do that.

“I don’t change clubs. Even when Arsenal isn’t doing well I still stick by them.

“It’s a great team, well-run. It could be run better, so I will be there. I will wait. Even if things change I will take it and make the difference going forward.”

Then in 2018 Dangote earmarked 2020 as the year he would look to buy the club.

“We will go after Arsenal from 2020, even if somebody buys, we will still go after it,” he states.

However, he most recently told American chat show, the David Rubenstein Show, that his plans would be put back a year due to other commitments.

“It is a team that yes I would like to buy some day, but what I keep saying is we have $20billion worth of projects and that’s what I really want to concentrate on.

“I’m trying to finish building the company and then after we finish, maybe some time in 2021 we can.

“I’m not buying Arsenal right now, I’m buying Arsenal when I finish all these projects, because I’m trying to take the company to the next level.”

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