Dangote, reportedly worth around £8.3billion, announced his intention to buy Arsenal last year. But his business prospects needs to improve and investments in gas pipelines/oil refinery have to to pay off before making the expensive acquisition.
“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.”