Earlier in the week, news broke that Africa’s richest man Aliko Dangote has renewed interest in buy Arsenal FC of England. Well, this week, in his article titled ‘Dangote Cannot afford to buy Arsenal Football club’, controversial singer, blogger, OAP and columnist, Etcetera writes with facts to back up his claim that Dangote simply can’t afford it. Read his article below…
You have sold some shares and you’ve got some money to spend. Now you want the ultimate: Your own football club. Hold on there, are you sure? Football clubs are a nightmare to run. In fact, almost two-thirds of premiership clubs have been in receivership at some point. Remember Portsmouth FC ploughed through four owners some seasons back and landed itself a debt of £60m and relegation in the Championship.