Billionaire Aliko Dangote denies interest in Arsenal investment
Monday, May 24, 2010 at 2:45PM 
Nigeria's richest man, billionaire Aliko Dangote, has denied media reports that he is considering buying a 16 per cent stake in Arsenal.
Dangote had been reported to have registered his interest in buying the stake being sold by Lady Nina Bracewell-Smith, the club's fourth biggest investor.
Bracewell-Smith has appointed U.S. private equity firm Blackstone Group to find a buyer. And while between eight and 12 parties are said to be taking a detailed look at the potential for investment, Dangote issued a statement denying he was one.
'I am a longstanding supporter of Arsenal Football Club and have been involved in conversations around investment in the past,' Dangote said.
'However, I can say categorically at this time that I have no intention of investing in the club and will not be acquiring a stake. I wish Arsenal Football Club the best for the future and will continue to follow the team as a fan.'
Related stories: Aliko Dangote makes Forbes rich men's list
Adebayo Ogunlesi, 56, acquires London Gatwick Airport
Reader Comments