Monday, May 24, 2010

So, he won't be buying the shares...

Contrary to reports in the media, the Nigerian says he didn't make an offer for Lady Nina's shares.

Aliko Dangote is undoubtedly one of Africa's richest men, to say the least I wasn't surprised when I read of his interest in the shareholding being sold by the club's fourth largest investor Lady Nina Bracewell-Smith, who is said to be seeking £160million for her stake after putting it on the sale block earlier this year.

According to earlier (unconfirmed) reports, the chairman of the largest manufacturing conglomerate in West Africa is set to challenge Uzbeki tycoon Alisher Usmanov and American investor Stan Kroenke for the coveted shares. And the much touted move according to insiders could spark a takeover battle for the Gunners, with the two biggest current investors, who would be forced to launch a full takeover bid for the club if they secured the stake.

However, the Nigerian industrialist, who is a staunch gooner insisted that he has made no contact with the club concerning the shares and doesn't intend to do so in the near future.

Dangote said in a statement:

I am a longstanding supporter of Arsenal Football Club and have been involved in conversations around investment in the past.
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.