Sports
The Tale Of Dangote And Arsenal Football Club
Though his interest in football remains high, his desire to buy into the English Premiership League (EPL) side, Arsenal Football Club has subsided.
This much, the President and Chief Executive of Dangote Group, Alh Aliko Dangote, shared with Bloomberg at a recent interview in New York.
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According to Dangote, his priority was completing the Dangote Refinery, when the opportunity to purchase the Gunners for a ‘cheap’ $2 billion presented itself.
Dangote told Francine Lacqua, that his desire to own the North London side was in the past, though he would continue to support the highflying EPL side.
He said, “I think that time has passed. The last time when we had this interview, I told you as soon as I finish with the refinery, I am going to try and buy Arsenal.
“But you know everything has gone up and the club too is doing very well. Arsenal is doing extremely well right now. That time, Arsenal wasn’t doing well.
“I think I don’t have that kind of excess liquidity to go and buy a club for $4 billion, so to speak and use it as a promotional something.
“But what I will do is to continually be the biggest fan of Arsenal. I watch their games anytime they are playing. So, I will remain a major supporter of Arsenal but I don’t think it makes sense today to buy Arsenal.”
On if he regretted not buying the football club value was lower, he said, “Actually, I regret not buying it before but you know my money was more needed in completing my project (the Dangote Refinery) than buying Arsenal. I would have bought the club for $2 billion but you know I wouldn’t have been able to finish my project. So, it was either I finish my project or go and buy Arsenal.”
Recall that Dangote had in 2020 disclosed his desire to buy the North London EPL side, after his $20 billion refinery.
With the Dangote Refinery done and functioning, it does appear, though that Africa’s richest man has now rested his ambition to take over at Emirates Stadium, owing to the higher valuation of $4 billion it now attracts.
He set up the Dangote Group — the largest conglomerate in West Africa — in 1981.
Chelsea FC have been slammed with a £10.75 million ($14.27 million) fine and hit with a suspended one-year transfer ban by the Premier League for historical breaches of league rules.
The sanctions, announced on Monday, also include an immediate nine-month academy transfer ban, preventing Chelsea from registering new youth players from other academies during this period.
The Premier League said the penalties stem from information provided by the consortium led by American businessman Todd Boehly following their takeover of the club in 2022 from Russian billionaire Roman Abramovich.
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While the one-year transfer ban is suspended and may only be enforced if further violations occur, the fine and academy ban immediately take effect, marking a significant regulatory action against one of England’s top football clubs.
Chelsea are currently competing in domestic competitions while rebuilding their squad under Boehly’s ownership.
The club is yet to release an official statement responding to the sanctions.
Joan Laporta has been re-elected as president of FC Barcelona after securing a commanding victory in the club’s latest presidential election.
Laporta polled over 68 per cent of the votes cast by members, comfortably defeating his main rival, Victor Font, who received close to 30 per cent of the ballots.
The remaining votes were declared void or invalid.
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The victory secures Laporta another five-year term beginning July 1, 2026, marking his second consecutive term and fourth overall as president of the Catalan giants.
Laporta previously led Barcelona between 2003 and 2010, a highly successful period that included the appointment of legendary coach Pep Guardiola, under whom the club enjoyed one of the most dominant eras in its history.
Speaking after his re-election, the 63-year-old expressed confidence about the club’s future, promising more success in the coming years.
“It makes us unstoppable. No one will stop us. Exciting years lie ahead,” Laporta said.
He also reaffirmed his commitment to strengthening the squad and completing the ongoing redevelopment of the iconic Camp Nou stadium.
The election recorded a turnout of about 42.34 per cent, with nearly 48,500 club members participating in the voting process.
Despite financial challenges in recent seasons, Barcelona have enjoyed a strong campaign this year, already securing a domestic treble and currently sitting four points ahead of rivals Real Madrid in the La Liga title race.
The Spanish side are also preparing for the round-of-16 second leg of the UEFA Champions League against Newcastle United after a 1-1 draw in the first leg.
African club football is set for a financial shake-up as the Confederation of African Football (CAF) announces a substantial increase in prize money for its top club competitions this season.
According to a CAF statement released on Monday, winners of the 2025/26 CAF Champions League will now take home $6 million (≈€5.18 million), up from $4 million last season. Meanwhile, the CAF Confederation Cup champions — Africa’s second-tier club competition — will earn $4 million, marking a 50% increase from last year.
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Prize money for runners-up remains unchanged, with Champions League finalists receiving $2 million and Confederation Cup finalists $1 million.
The move has been welcomed by clubs, which have long complained that competing in African competitions often results in financial losses.
High travel costs, particularly airfares, have been a major challenge, with many clubs forced to take longer, costlier routes through Europe or the Middle East due to limited direct flights between African countries.
Since Patrice Motsepe, the South African businessman and CAF president, took office in 2021, prize money for African club competitions has steadily increased.
Motsepe, now in his second four-year term, has been championing financial sustainability and growth for African club football.
CAF’s quarter-final first-leg matches kick off this weekend, starting in Pretoria, South Africa, where Mamelodi Sundowns host Stade Malien of Mali in the Champions League.
Football fans across the continent are eagerly anticipating a weekend full of high-stakes action.
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