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‘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

15-5-2021 < RT 17 330 words
 



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."

"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.

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