Monday, May 24, 2010

Nigerian billionaire Dangote enters battle for Arsenal ownership


London, may 23: Aliko Dangote, a billionaire Nigerian industrialist, is plotting to buy 16 percent stake in Arsenal in a move that could trigger a takeover battle for the Premier League club.

According to reports, Dangote is in talks to buy the stake being sold by Lady Nina Bracewell-Smith, the club's fourth-largest shareholder.

Dangote is understood to have registered his interest in buying the holding with Blackstone, the American finance house that has been given the job of finding a buyer for the shares.

Bracewell-Smith's stake is currently worth 96 million pounds, but she is seeking up to 160 million pounds for the shares, The Times Online reports.

Dangote is a passionate football fan and Forbes magazine had recently ranked him among the world's 500 richest people, with a fortune estimated at 2.5 billion dollars.

He has helped the Nigerian national football team with cash presents and has stood for the post of Nigerian Football Association President.

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7 comments:

CerebrallyBusy said...

OK now!

Olowo l'omo naa!

Myne Whitman said...

Over money dey worry am. Don't think he will win, lol.

histreasure said...

heard on the news this money that he has denied having any interest in Arsenal o....so lets just wait and wait which one is true

Nice Anon said...

Dangote adopt me na

sosexy said...

Mscheeeeew.!
I don't begrudge him his money and his whims and caprices..
But, Nigeria isn't doing too good right now.. He should help out for crying out loud!

BSNC said...

Good luck to him oh.

2cute4u said...

Hmmmm,
Idleness in wealth.

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