Nigerian billionaire Aliko Dangote urged NOT buy Arsenal back in his homeland

Published on: 12 May 2015
Nigerian billionaire Aliko Dangote urged NOT buy Arsenal back in his homeland
Aliko Dangote

A leading African businessman has been urged NOT to splash his cash and buy Arsenal.

Aliko Dangote said earlier this month he still hoped to purchase a controlling stake in the Gunners, despite having interest rebuffed in 2010.

“I might buy it, not at a ridiculous price but a price that the owners won’t want to resist," he continued, before ominously adding, "I know my strategy."

However, he has been met with opposition from his native Nigeria.

Sports commentator Toyin Ibitoye thinks Dangote should focus his energies on improving football in Africa, rather than pumping cash into one of the world's superpowers.

He said: "Maybe it is the right business decision for him, that is left for him to decide, but we can only appeal to him that while planning and strategising on what he wants to do in terms of buying Arsenal in the future, he could also look inwards as well to help develop our domestic game to the level where the English Premier League is at the moment.

"I mean, what we have lacked in Nigeria is a proper business structure for our clubs, a proper business plan for our clubs. And if a man of Aliko's calibre is interested in setting a structure in place for Nigerian football, that could just be the turnaround that we've been waiting for."

Despite winning the 2013 Africa Cup of Nations, Nigeria are ranked 45 by FIFA, and failed to qualify for this year's tournament.

The governing body in the country has escaped two possible suspensions from FIFA over controversies, and the public have mixed feeling towards Dangote's intentions.

Ibitoye added: "We know that Nigeria at the moment, we have a lot of challenges. Infrastructural challenges, power, no power, a lot of these challenges are here in Nigeria but it has not stopped Aliko Dangote from making a success of his cement business, of his sugar business, of his other businesses that he is doing, because what he does is that he creates a conducive environment around these businesses that will make them thrive.

"The same thing can happen in our sports, in our football. The environment may not be perfect at the moment, but somebody like Aliko Dangote coming in, setting a structure around his own interest in football can begin to draw a road map that other billionaires, other money bags can follow to have a proper structure for club football in Nigeria and of course for sports in general."

 

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