Where Was Aliko Dangote When Arsenal Fans Needed Him? | Nigeria News
Connect with us

Opinion

Where Was Aliko Dangote When Arsenal Fans Needed Him?

Published

on

Aliko Dangote; (insert) Stan Kroenke
Aliko Dangote; (insert) Stan Kroenke

Aliko Dangote; (insert) Stan Kroenke

Alhaji Aliko Dangote is Africa’s richest man and one of the richest men in the world. He is also an Arsenal FC of London fan. On several occasions, he had made public his love for the club.

He loves the club so much that in 2015, he declared his interest in outrightly owning the club. It is likely that he had looked across London to Chelsea and went green with envy over success recorded by Chelsea since Roman Abramovic assumed sole ownership. He must have wanted to replicate that with his darling club.

The first time rumors of Dangote’s interest in Arsenal surfaced was back in 2010. One of the biggest shareholders had sold her shares to Stan Kroenke.

The story was that Kroenke had outbid Dangote and several others to get the shares.

searchform

Kroenke had gone on to acquire about 60% shares in the club. That made him the dominant owner with Russian Billionaire Alisher Usmanov having a 30% stake. The remaining shares were held by individuals in the fan base.

The advent of Kroenke as the majority shareholder of Arsenal coincided with a negative change in fortunes for the club. From being a perennial challenger for the Premier League title, the Arsenal FC had slid down the ladder to a point where qualifications for the Champions League was held up as a success.

For many fans like Dangote, the situation was untenable. While most fans could only watch in impotence as their club became a laughing stock, Dangote felt he could do something about it.

That ‘something’ is to buy the club and invest a lot of money to be used to acquire the best players in the world.

There was even report back in 2016 that Dangote would buy Arsenal in 4 years. 2020 is just two years away; so that plan is still on track.

But how realistic is Dangote’s plan? Can he come up with the right price to own the club? Even more importantly, is Kroenke interested in selling?

If Dangote was serious about buying into Arsenal, he had definitely gone missing when Arsenal fans needed him the most.

In the last few days, Arsenal fans all over the world were in anguish over the news that Alisher Usmanov has agreed to sell his 30% stake in Arsenal to Kroenke. This opens to way to 100% by one man.

Usmanov only sold to Kroenke as a last resort. His Red and White Holdings had shopped around for a potential buyer of his 30 percent stake.

The fact is, Usmanov never wanted to sell to Kroenke because of the enmity between them. Kroenke, due to his majority ownership, denied Usmanov a seat on the board.

That means, even though he owned 30% of the club, Usmanov had no say in how the club was run. He never received any dividend for his shares and there was nothing he could do about it.

Everybody knew Usmanov wanted to be more involved in Arsenal. But that was impossible given the situation. He once even attempted to buy out Kroenke.

The American refused to sell his shares despite the irresistible offer on the table. Kroenke was in this for the long run.

Usmanov had to sell because his investment in Arsenal because it was completely useless to him. And the only person willing and able to come up with over half a billion dollars was Kroenke. So he is selling to his bitter rival.

The problem with a single-owner ownership are numerous. For instance;

  • He is under no obligations to call an annual general meeting
  • He can use the club as collateral to secure loans without being questioned
  • The club’s accounts won’t be open to scrutiny if he doesn’t want it
  • He can remove as much money from the club as he wishes at anytime

In other words, he can do whatever he decides which was impossible when Usmanov and a fewother people had shares in the club.

For those dreaming Arsenal FC would thrive like Chelsea after Abramovic bought the club, wake up. That is unlikely to happen.

Arsenal is not Kroenke’s first sports franchise. Through his holding company KSE, he owns sports franchises like:

  • Denver Nuggets of the NBA
  • Colorado Avalanche of the NHL
  • Colorado Rapids of Major League Soccer
  • Colorado Mammoth of the National Lacrosse League
  • Los Angeles Rams of the NFL

The common denominator is that all these clubs suffer from lack of investment in playing personnel and fans are not happy with results.

Kroenke is more interested in taking out money from the club to fund his lifestyle and other businesses or to use for tax purposes.

The bad news for Dangote is that Kroenke is a keeper. He never sells what he already owns no matter how bad things get. And things do get bad.

Dangote should have shown his love for Arsenal by buying Usmanov’s shares; that would at least put a check on Kroenke’s activities while giving him one foot in the door.

Though it must be said the foot would be a useless one since Kroenke would likely have treated him the same way he did Usmanov.

The bottom line is Dangote is not going to buy Arsenal anytime soon. He doesn’t have enough money to make an offer Kroenke can’t refuse.

Please share this info from NIGERIA NEWS, it is VERY important for all
  •  
  •  
  •  
  •  
  •  
  •  

Documentary

NYSC: How Major NYSC Camps Look Like and What to Know as Potential Corps Member

Published

on

National Youth Service Corps (NYSC)  is a mandatory one year service for all Nigerian graduates.  The programme is aimed at fostering and enhancing unity among Nigerians and also to promote patriotism and to build a sense of national consciousness among the Nigerian youth.

As soon as you receive NYSC (National Youth Service Corps) draft notice or you see your name in the NYSC mobilization list, you should be prepared for a new stage of your life, a stage of one-year serving your fatherland. Now you become interested in NYSC orientation camps in our country. We will try to give useful information and define the best NYSC orientation camp in Nigeria.

The major aim of each of the different NYSC Camps in the country is to foster love and unity among the corps members who raised from different ethnic, religious and family backgrounds. Without forgetting, getting the corps members familiar in knowledge and actions with paramilitary drills is also a core part of NYSC orientation camp.

It is worthy of note that NYSC orientation camps are located in all 36 states of the country including the Federal Capital territory in Abuja.  This means that there are 37 NYSac orientation camps in Nigeria.

searchform

However these camps defer in terms of structural and comfortability settings as some camps are better than the others in terms of structural and infrastructural beauty and comfortability. Despite these infrastructural differences,  social life remains almost the same in the various camps.

For the purpose of getting you familiar with these camps,  NigeriaNews has compiled the list of the 7 best NYSC orientation camps in the country.

1. AKWA IBOM STATE NYSC CAMP
It takes the 1st place in our chart, statistics shows, that many graduates want to spend an obligatory year period exactly there.
*LOCATION: Ikot Itie Udung/Nsit Atai Local Government Area (LGA).
* STATE ALLOWANCES: 20,000 NGN
Other positive sides: nice weather, peaceful people.

2. LAGOS STATE NYSX CAMP
* LOCATION: Iyana Ipaja/Agege.
* STATE ALLOWANCE: from 5,000 to 15,000 NGN
* OTHER POSITIVE FACTORS: nice weather, promising employment opportunities, side attractions, interesting people, the business center.

3. FCT, ABUJA NYSC CAMP
* LOCATION: Kubwa/Bwari Area Council/FCT.
* STATE ALLOWANCE: 4,000 NGN
* OTHER POSITIVE FACTORS: high level of protection and safe.

4. ZAMFARA STATE NYSC CAMP
* LOCATION: Beside FRSC Office/Tsafe LGA.
* STATE ALLOWANCES: 3,000 NGN

5. OGUN STATE NYSC CAMP
* LOCATION: Ikenne Road/Sagamu LGA.
* STATE ALLOWANCES: 5,000 NGN

6. OSUN STATE NYSC CAMP
* LOCATION: Aisu College Hospital Road/Ede North LGA.
* STATE ALLOWANCES: 5,000 NGN

7. KANO STATE NYSC CAMP
* LOCATION: Kusala Dam/Karaye LGA.
* STATE ALLOWANCES: 5,000 NGN

We wish you all the best in your service year

Please share this info from NIGERIA NEWS, it is VERY important for all
  • 9
  •  
  •  
  •  
  •  
  •  
    9
    Shares
  • 9
    Shares
Continue Reading

BREAKING

Achebe was Better than Soyinka, He should have Won the Noble Prize Instead – Reno Omokri

Published

on

Former presidential spokesperson and writer, Reno Omokri, is well known for sharing his views without apologies on social media even if they are sometimes controversial.

This time around, Omokri seems to have shaken some tables and stepped on some toes with his latest tweet about the Nobel Prize awarded to Wole Soyinka as he claimed that Chinua Achebe should have gotten the award instead.

Wole Soyinka and Chinua Achebe have written a lot of literary works which has influenced and continue to impact millions all around the globe and their works have been praised by Africans and non-Africans as their work will remain relevant for years or even centuries to come

According to Reno, he would have awarded the Nobel Prize to Chinua Achebe 100 times out of 100 instead of Soyinka. He explained that he has read the works of both writers but he feels Achebe’s works are by far more superior to Soyinka’s.

searchform

According to Reno Omokri’s tweet: “Between Chinua Achebe and Professor Wole Soyinka, I would give the @NobelPrize for literature to Achebe 100 times out of 100 times. I still don’t understand how Soyinka got it and Achebe did not. I read their books. Achebe’s works are by far the more superior works of literature.”

Please share this info from NIGERIA NEWS, it is VERY important for all
  • 11
  •  
  •  
  •  
  •  
  •  
    11
    Shares
  • 11
    Shares
Continue Reading
Advertisement

contact us

email for nigerianews

NigeriaNews_net

Advertisement

Trending