Spotify founder Daniel Ek reveals he made an offer to buy Arsenal, but that has been rejected

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Spotify founder Daniel Ek reveals he made an offer to buy Arsenal and remains interested after it was turned down, with the club’s owners saying they ‘didn’t need the money’

  • Spotify founder Daniel Ek has revealed he has approached Arsenal
  • Arsenal denied on Saturday that a takeover bid had been made, but Ek said otherwise
  • The billionaire is backed by former players, including Thierry Henry
  • Ek said Arsenal told him they don’t need the money but remain interested

The intrigue over Arsenal’s future ownership took a dramatic turn on Saturday night after Spotify founder Daniel Ek insisted he made a substantial offer for the club and planned to include fan ownership in the structure.

It is clear that Swedish billionaire Ek submitted the offer last week and it has been delivered to current owner Stan Kroenke’s company KSE and vice-chairman Josh Kroenke.

The Kroenke family’s stance was that they had no intention of selling and on Saturday they denied any offer had been made, but Ek, who founded the music streaming app, tweeted, ‘I think it’s important to record – this week, an offer was made for both Josh Kroenke and their bankers, including fan ownership, board representation and a gold share. They replied that they don’t need the money. I respect their decision, but I will remain interested and available should that situation ever change. ‘

Spotify founder Daniel Ek has insisted on making an offer to Arsenal and remains interested

Billionaire Ek revealed that Arsenal owners told him they 'didn't need the money'

Billionaire Ek revealed that Arsenal owners told him they ‘didn’t need the money’

In promising supporters a voting minority stake that would block major changes, such as an escape competition, he will certainly get the initial support from fans.

The current owners had to apologize to fans for their support of the failed Super League and KSE Vice Chairman Josh Kroenke and CEO Vinai Venkatesham attended a fans forum where they had a scorching time from supporters.

Further protests are planned when Arsenal fans enter the Emirates next Sunday.

Club legend Thierry Henry has publicly backed Ek’s plans for the club and fellow Invincibles, Patrick Vieira and Dennis Bergkamp, ​​are said to be supportive.

Earlier in the day, an Arsenal spokesman said: ‘Nothing has been received by KSE. Their position remains unchanged. ‘

Ek made the offer to Josh Kroenke and his bankers, but Arsenal owners have no plans to sell

Ek made the offer to Josh Kroenke and his bankers, but Arsenal owners have no plans to sell

The dissatisfaction of the fans has reached a breaking point with the current owner of the club, Stan Kroenke

The dissatisfaction of the fans has reached a breaking point with the current owner of the club, Stan Kroenke

It remained unclear late Saturday night whether the offer had been received and confirmed. The club is valued at over £ 2 billion.

There has been widespread discontent at the club for years, but especially since 2018, when a £ 550 million buyout of Alisher Usmanov’s 30 percent stake enabled the Kroenkes to take over their 90 percent stake. Fan groups and small shareholders remain outraged that KSE subsequently forcibly bought their shares, denied them a stake in the club, and abolished the shareholders’ meeting.

Arsenal look like they will have their worst season since turning 12 in 1995. The board is expected to give manager Mikel Arteta a chance to change things over the summer and at the start of next season by backing him. on the transfer market in a short time. offer to change the club’s trajectory. If Arsenal fail to qualify for Europe, it will be the first time they have failed to do so in 26 years.

The Kroenke family has extended lines of credit in recent years to bring in players, but with varying degrees of success. Before Arteta arrived, Nicolas Pepe set a record for £ 72 million in 2019, but he has yet to prove his worth. William Saliba was then also signed for £ 27 million, but was loaned out by Arteta to Nice in January.

It was April 2007 when Stan Kroenke bought an initial 9.9 percent stake in Arsenal through KSE for £ 65 million. In September 2008, after gradually amassing more shares, Kroenke joined Arsenal’s board of directors with 29.9 percent of the club’s shares. In April 2011, he took control of the club and increased his stake to 62.89 percent by buying the shares of Danny Fiszman and Lady Nina Bracewell-Smith.

Arsenal fans were upset about the club's intentions to participate in the failed European Super League

Arsenal fans were upset about the club’s intentions to participate in the failed European Super League

Former government secretary and Goldman Sachs financier Jim O’Neill, whose full title is Baron O’Neill, has said he suspects the furor over the Super League means that US owners of Premier League clubs are now more inclined to sell, despite their refusals. .

The probability of some form of government legislation is no longer zero. But I thought that would change the probability of people like John W Henry and the Glazers about why they own these things.

Moreover, because of the magnitude of the self-inflicted [harm caused by their] Presenting the Super League, you have to consider that the chances of a Super League in the next decade, something these guys have been planning for a long time, has diminished.

“Which means these guys have to think of a different reality as to why they own these things, or are a little more interested in getting out of them than before.”

Ek's interest was supported by former players, including Thierry Henry and Dennis Bergkamp

Ek’s interest was supported by former players, including Thierry Henry and Dennis Bergkamp

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