Spotify CEO states he has secured funds to purchase Arsenal FCDaniel Ek

Spotify CEO states he has secured funds to purchase Arsenal FC

Following the Super League controversy that occurred in the month of April, where several of Europe’s most famous soccer clubs said they planned to join a closed competition, followed the idea’s quick subsequent undoing, Spotify‘s CEO, Daniel Ek, expressed interest in purchasing famed English Premier League Club, Arsenal. Now, Ek shared with CNBC that he has secured funds to purchase the team.

The club’s owner, Stan Kroenke, has stated that Arsenal is not for sale. However, that has not deterred Ek. Speaking with CNBC, he said,

“I am very serious. I have secured the funds for it. And I want to bring what I think is a very compelling offer to the owners, and I hope they hear me out.”

Arsenal is currently owned by the Denver-based Kroenke Sports & Entertainment, which also owns the NFL’s Los Angeles Rams, the NBA’s Denver Nuggets, and the NHL’s Colorado Avalanche. Forbes estimates Arsenal is worth $2.8 billion, while Ek’s net worth is estimated to be around $4.7 billion.

Kroenke, who is also married to Walmart heiress Ann Walton Kroenke, has said that they are “100% committed to Arsenal” and will “not entertain any offer.” Meanwhile, Arsenal has fallen down to eight in the Premier League in 2020, with Ek stating, “I just see a tremendous opportunity to set a real vision for the club, to bring it back to its glory.”

H/T: Billboard

Featured image: Spotify Newsroom

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