Spotify founder ‘very serious’ about buying his favorite club, Arsenal, says he’s secured funding

Spotify founder ‘very serious’ about buying his favorite club, Arsenal, says he’s secured funding [ad_1]

Spotify founder and CEO Daniel Ek informed CNBC on Wednesday he’s “very serious” about wanting to purchase Arsenal, regardless of present possession vowing it does not want to sell the English soccer membership.

Ek first floated his curiosity in buying the workforce on Twitter after plans to create an elite, breakaway soccer league in Europe collapsed last week following widespread backlash from followers, authorities figures, former gamers and different sport observers.

Arsenal was one of the founding clubs behind the short-lived effort referred to as the European Super League. Arsenal in the end apologized to supporters for becoming a member of, saying in a statement that it was “never our intention to cause such distress.”

“I want to bring what I think is a very compelling offer to the owners, and I hope they hear me out,” Ek stated on CNBC’s “Squawk on the Street.” “I’m very serious. I have secured the funds for it,” he added.

However, Arsenal proprietor Stan Kroenke stated in a joint assertion Tuesday with his son and membership director, Josh, that they don’t plan to promote. The assertion acknowledged current “media speculation regarding a potential takeover bid for Arsenal Football Club.”

Arsenal’s German-born Bosnian defender Sead Kolasinac (R) performs the ball in the course of the English Premier League soccer match between Arsenal and Manchester United on the Emirates Stadium in London on March 10, 2019.

Ben Stansall | AFP | Getty Images

“We remain 100% committed to Arsenal and are not selling any stake in the club,” the assertion learn, according to the Associated Press. “We have not received any offer and we will not entertain any offer.”

The billionaire Kroenke, who additionally owns the NFL’s Los Angeles Rams, acquired full management of Arsenal in 2018 in a deal that valued the workforce at $2.3 billion, in keeping with The New York Times. Arsenal at the moment competes within the top-level English Premier League.

Ek, whose supply for the north London-based membership is rumored to include some former players such as Thierry Henry, stated his curiosity is rooted in his longtime assist for the Gunners, which final received the Premier League title within the 2003-04 season.

“I’ve been an Arsenal fan since I was 8 years old,” stated Ek, a 38-year-old Swedish billionaire who based Spotify in 2006. “Arsenal is my team. I love the history. I love the players and, of course, I love the fans, so as I look at that, I just see a tremendous opportunity to set a real vision for the club, to bring it back to its glory.”

Pressed by CNBC’s David Faber about Kroenke’s lack of curiosity in a deal, Ek stated: “I certainly didn’t expect that this would happen overnight. I’m prepared that this could be a long journey.”

“All I can do is prepare what I think is a very thoughtful offer and bring it to them and hope they hear me out,” Ek added. “I want the club to do better. That’s my primary interest,” he stated.

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