Nigeria's richest man, billionaire Aliko Dangote, on Monday denied media reports that he was considering buying a 16 percent stake in English Premier League soccer club Arsenal.

Britain's Sunday Times newspaper and other media reported that Dangote had registered his interest in buying a stake being sold by Nina Bracewell-Smith, the club's fourth biggest investor.

"I am a longstanding supporter of Arsenal Football Club and have been involved in conversations around investment in the past," Dangote said in a statement.

"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."

source:http://234next.com/csp/cms/sites/Next/Home/5572332-146/nigerian_tycoon_says_no_plans_to.csp