He spoke with Bloomberg’s Francine Lacqua in New York on Monday.
“I think that time has passed. The last time we had this interview, I told you that yes as soon as I finished with the refinery, I am going to try and buy Arsenal.
“But the issue is that everything has gone up. The clubs are all doing well. Arsenal are doing extremely well now. At that time [that I wanted to buy] they were not doing very well.”
“I think I don’t have that kind of excess liquidity to go and buy a club for $4 billion and use it for promotional something.
“I would rather do something with the money. What I’ll do, I will continue to be the biggest fan of Arsenal. I watch their games everytime. I will remain a major supporter of Arsenal but I don’t think it makes sense today to buy Arsenal.
“Actually I regret not buying Arsenal before, but you know my money was more needed in completing my project than buying Arsenal. I would have bought it for $2 billion,” he said.
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