Reports earlier on Monday suggested that Dangote was close to buying Nina Bracewell-Smith’s 16 per cent stake in the Gunners.
“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.”
