25 May 2010Businessman 'not looking to buy Arsenal stake'

Football Clubs News | Football Finance News

A Nigerian entrepreneur linked with a possible attempt to purchase shares in English Premier League side Arsenal has dismissed the rumours, but admitted he is a keen supporter of the club.

Reports over the weekend had suggested billionaire Aliko Dangote, who has interests in real estate, energy and food production, was considering purchasing Lady Nina Bracewell-Smith's 15.9 per cent holding, but the 53-year-old has denied a bid is imminent.

In a statement, he said he has "no intention of purchasing a stake", but added: "I wish Arsenal Football Club the best for the future and will continue to follow the team as a fan."

The West African nation has a strong football following and Arsenal have been particularly popular in Nigeria since striker Nwankwo Kanu's five-year spell at the north London outfit.

Yesterday (May 24th), the Telegraph reported a spokesman for the Arsenal Supporters' Group had urged Bracewell-Smith to place the team's long-term future ahead of short-term personal gain when selling her shares.

Written by Paul Roberts

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