Business
Dangote Regrets Not Buying Arsenal for $2B
Aliko Dangote, Chairman of the Dangote Group, has expressed his regret over missing the opportunity to purchase Arsenal Football Club for $2 billion.
Speaking during an interview with Bloomberg’s Francine Lacqua in New York, Dangote acknowledged that the window for acquiring the Premier League team had likely closed.
Reflecting on past ambitions, Dangote explained that he had once seriously considered buying the club after completing his refinery project.
However, the rapid increase in football club valuations and Arsenal’s current success made the acquisition less feasible.
He pointed out that when he initially entertained the idea, Arsenal was not performing well on the field, making the purchase more attractive at the time.
Now, with the club’s value reportedly soaring to $4 billion, Dangote noted that he no longer has the excess liquidity to pursue such a venture.
He emphasized that his resources were better utilized in completing his business projects, which he viewed as more critical to his overall strategy.
While the opportunity to buy Arsenal has passed, he remains a passionate supporter of the club, continuing to follow their games and cheer them on as a devoted fan.
Despite his regret over not seizing the opportunity earlier, Dangote reiterated that his decision was influenced by practical considerations.
He expressed satisfaction with his role as a fan and major supporter, acknowledging that the money used to purchase the club could have been better spent on his various business ventures.
Looking back, he admitted that Arsenal’s rising fortunes have only deepened his sense of missed opportunity, but he remains committed to focusing on his core business interests moving forward.
In a surprising turn of events, the long-awaited airdrop from the crypto-mining app Hamster Kombat has left thousands of Nigerians frustrated and angry. After five months of non-stop tapping, users expected huge payouts, some dreaming of becoming millionaires.
However, when the coin finally launched, most users received only $1 to $4, with unconfirmed reports showing the highest payouts between $7 and $17. Social media erupted with outrage, as users expressed their disappointment in what they believed was a misleading campaign.
The app, which had promised to turn Nigerians into billionaires and CEOs, left many with small rewards, leading to widespread disillusionment. Though the coin launched with a market cap of $535.3 million and a trading volume of $448.7 million in the first 24 hours, it failed to meet user expectations.
Aviation experts support Emirates Airlines’ decision to charge passengers in dollars, citing the airline’s dollar-based costs and financial challenges in Nigeria. Emirates pays for services like airport fees and fuel in dollars, making naira pricing difficult to maintain. Olumide Ohunayo of the Aviation Round Table explained that inconsistent aviation policies in Nigeria justify the move.
Experts also noted that currency fluctuations and trapped funds have added pressure on airlines. While some customers may prefer naira payments, dollar-priced tickets are often more affordable.
Kingsley Nwokoma emphasized payment should remain a choice, warning that mandating dollar payments could cause disruptions. Meanwhile, John Ojikutu highlighted the billions foreign airlines contribute to Nigeria, questioning how these funds are managed. NANTA has requested Emirates to continue offering naira payment options alongside dollars.
The Hamster Kombat team announced that 2.3 million users were banned for cheating in their popular Telegram clicker game. They will airdrop 60 billion out of a total 100 billion Hamster Kombat (HMSTR) tokens, with 60% distributed after season one and 15% in season two.
Eligible users will receive 88.75% of their tokens immediately, while 11.25% will be vested for 10 months. Although the game claims over 300 million users, only 131 million are eligible for the airdrop. The team has rejected venture capital offers to ensure the token’s value is determined by market demand.
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