Swedish Billionaire Daniel Ek Prepares Takeover Bid For Arsenal

Swedish Billionaire Daniel Ek Prepares Takeover Bid For Arsenal.

Spotify owner Daniel Ek is preparing to present a ‘very compelling offer’ to the Kroenke family to buy Arsenal football club. Swedish billionaire Daniel Ek is expected to submit a £1.8bn- €2.07bn offer to buy Arsenal in the next few days; current owners the Kroenke’s insist they will not sell the Premier League club following criticism over European Super League proposals.

Josh Kroenke, the son of Stan and a director at Arsenal, has insisted his family are not looking to sell the club. However, sources believe they could well be tempted by a bid of around £2bn – €2.30bn.

According to Forbes, Ek is worth £3.4bn – €3.91bn which now means that any bid for Arsenal may have to be as part of a consortium or with a partner.

Ek founded the music streaming service Spotify with Martin Lorentzon and, in 2017, was named as the most important person in the music industry by Billboard.

On Friday night, Ek’s message on Twitter read: “As a kid growing up, I’ve cheered for @Arsenal as long as I can remember. If KSE would like to sell Arsenal I’d be happy to throw my hat in the ring.” Speaking at a fans’ forum on Thursday night, during which he faced a backlash over Arsenal’s European Super League inclusion and withdrawal, Josh Kroenke said: “When are we going to sell? I am not willing to answer that question because we have no intention of selling.”

But Kroenke’s insistence Arsenal is not for sale is likely to be tested by relentless anger from supporters. Numerous banners held up on Friday said: “This is football, not soccer. You haven’t a clue. All you care about is money.” Another sign read: “Stop the Standemic”. The effigy of Kroenke was left hanging from a lamppost outside the stadium.

Source: skysports


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Ron Howells

Ron actually started his working career as an Ophthalmic Technician- things changed when, during a band rehearsal, his amplifier blew up and he couldn’t get it fixed so he took a course at Birmingham University and ended up doing a degree course. He built up a chain of electronics stores and sold them as a franchise over 35 years ago. After five years touring the world Ron decided to move to Spain with his wife and son, a place they had visited over the years, and only bought the villa they live in because it has a guitar-shaped swimming pool!. Playing the guitar since the age of 7, he can often be seen, (and heard!) at beach bars and clubs along the length of the coast. He has always been interested in the news and constantly thrives to present his articles in an interesting and engaging way.


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