My Dream of Buying Arsenal Is Over, Says Africa’s Richest Man

  • Aliko Dangote believes the football club’s price has doubled
  • Tycoon says he was prioritizing huge oil refinery in Nigeria
WATCH: Aliko Dangote, President and CEO of Dangote Industries, says it appears that the “time has passed” for him to buy Arsenal football club.Source: Bloomberg
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Africa’s richest man Aliko Dangote has given up hope of buying Premier League football club Arsenal after its value shot up while he was building the continent’s largest oil refinery.

The billionaire, an ardent fan of the London team, said in 2019 that he would consider buying Arsenal after completing his 650,000 barrel-a-day refinery outside Lagos, Nigeria. This year, the $20 billion plant has started producing diesel and jet fuel and refining gasoline.