Renowned Nigerian billionaire Tony Elumelu has shown interest in acquiring a club in the Nigeria Premier Football League (NPFL) following discussions with Sports Development Minister, Senator John Owan Enoh. Elumelu, a 61-year-old economist and philanthropist who chairs Heirs Holdings, Transcorp, and United Bank for Africa (UBA), expressed his interest in private ownership of clubs during talks surrounding the development of Nigerian football.
In response to a suggestion advocating for big corporations to acquire league clubs as part of Corporate Social Responsibility (CSR), Elumelu expressed his positive outlook on the idea. He revealed that the minister had reached out to prominent figures, including himself, to explore the feasibility of such acquisitions as a means to enhance the NPFL.
Elumelu, known as one of the wealthiest individuals in Nigeria and Africa, has amassed his fortune through investments spanning various sectors such as financial services, real estate, hospitality, healthcare, power, oil, and gas.
Source: Business Day