‘They said they don’t need the money’: Billionaire Spotify CEO Ek claims Arsenal rejected $2.5BN bid, says he’s ready to try again
Spotify magnate Daniel Ek has publicly hit back at reports that Premier League club Arsenal had denied he made a takeover bid of around $2.5 billion, claiming that co-owner Josh Kroenke and his “bankers” turned down the offer.
The co-founder of the music platform has been backed by club legends Thierry Henry and Dennis Bergkamp in his purported bid, which emerged in the wake of fans criticizing Kroenke and his father, Stan, who own Arsenal through their Kroenke Sports Enterprises company.
Tantalizingly for supporters who have protested against the pair since Arsenal’s involvement in the much-maligned European Super League was announced, Ek used a social media statement to reveal that he had made a bid featuring a relatively significant level of involvement for fans.
“Inaccurate reports emerged today saying I have not made a bid for Arsenal Football Club,” said the 38-year-old Swede, adding that he felt it was “important to correct the record.”
Save up the pennies and buy the bigger better club up north off their owners
— Alex (@AA_utd) May 15, 2021
“This week, an offer was made to both Josh Kroenke and their bankers that included fan ownership, representation at the board and a golden share for the supporters.
“They replied that they don’t need the money. I respect their decision but remain interested and available should that situation ever change.”
Arsenal’s alleged position could come as some surprise to onlookers given that the Gunners reported losses of around $38 million for the last financial year, down from a profit of around $80 million in 2018.
As supporters it’s our job to put as much pressure on KSE as possible. Protest, don’t buy merchandise, refuse to go to games. This is our chance to make a difference. #KroenkeOut#EkIn
— William (fan account) (@OzilThings) May 15, 2021
‘Takeovers are not played out in public’ people used to tell me.
— Dell 💦 (@agbnufc_) May 15, 2021
In a statement accompanying the publication of their financial returns, the club attributed that concerning figure to the implications of the pandemic, which also saw Arsenal announce 55 redundancies in August.
The Arsenal Supporters’ Trust (AST) have held a constructive meeting with Ek, according to Sky Sports News, which said it had contacted the club for comment.
“A lot of people have been screaming that they want the owner out,” said Henry, the club’s record scorer, speaking earlier this month.
What happened with the “we know it won’t be easy, but we’re in it for the long run.” Decided to stop negotiating after the first bid?
— Martin (@arsenalcho) May 15, 2021
What is there to negotiate about? They told him they won’t sell, and don’t need the money. The only thing he can do is to share in twitter so fans can keep pressuring them and force them to sell.
— Jack De Larriñaga (@JackDeLarrinaga) May 15, 2021
“We are trying to offer a solution involving the fans and [giving] the DNA of the club back.
“Let’s see where it is going to go, because at some point there needs to be a discussion.
“Daniel will not move away. He will be there, waiting to see if they want to sell. That’s going to take time – a very long time.
“We know what we want to do. But first and foremost, we need to make sure that we can take over if they are listening.”
Underachieving Arsenal are guaranteed a top-half finish in the Premier League ahead of their two final matches of the season next week, when they visit Crystal Palace and host Brighton.
Mikel Arteta’s side have a mathematical chance of finishing fifth and qualifying for the Europa League, although that would probably require Liverpool to lose all three of their remaining games and other results to go in Arsenal’s favor.
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