Nigerian billionaire Aliko Dangote denies interest in Arsenal investment
Last updated at 6:21 PM on 24th May 2010
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.
Up for grabs: Nina Bracewell-Smith is selling her 16 per cent share in Arsenal
'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.'
Read more: http://www.dailymail.co.uk/sport/football/article-1281023/Nigerian-billionaire-Aliko-Dangote-denies-Arsenal-investment.html#ixzz1RuFNtuAi
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