Arsenal takeover: Daniel Ek ‘can afford’ to buy Gunners and challenge the ‘big clubs’

Arsenal: Fans protest against owner Kroenke

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Spotify co-founder Daniel Ek can afford to buy Arsenal if Stan Kroenke is prepared to sell the club, according to Swedish financial journalist Johan Wendel. Ek will reportedly launch a sensational bid to buy Arsenal, leading a consortium which includes three legendary former players. Thierry Henry, Patrick Vieira and Dennis Bergkamp are all said to be involved in the process to test the resolve of the much-maligned Kroenke.

Arsenal fans gathered in their thousands to protest against the club’s ownership ahead of the 1-0 defeat to Everton last Friday.

In response to the protests, Arsenal fan Ek tweeted his interest in buying the north London side.

He wrote: “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.”

Ek is worth around £3.4billion, with reports claiming Arsenal would cost at least £2bn.

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Speaking to Sky Sports News on Monday afternoon, Wendel is confident Ek would not attempt to purchase the club if he knew he did not have enough money to do so.

Wendel said: “Well it all comes down to what the Kroenkes are asking for, of course, but I don’t think Daniel Ek would make a tweet like that, a comment like that, if he hadn’t thought of the financial considerations.

“I think he can afford it and the bulk of that wealth is Spotify shares.

“He owns Spotify shares worth almost £3.2bn, so that’s the bulk of those shares.

“He might be able to use those for leverage for a bank, stuff like that.

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“But I think he could afford it, but it all depends on the price and if the Kroenkes are [prepared] to sell.”

Wendel was then asked if the takeover was successful, whether Ek could lead Arsenal to challenge the “big, big clubs” again.

He believes he could and says the way he has run Spotify is a good model for a club like Arsenal.

“I think so,” Wendel responded.

“This is a man who helped found a company who took on the biggest record companies in the world and made this very successful streaming company.

“So I do think that and if you think about Spotify, this is a company founded in 2006 – it hasn’t turned a profit on an annual basis since then.

“So Mr Ek is obviously very used to running an operation where profit isn’t the next quarter or the next year, but the focus is the growth. Obviously that is what Arsenal need at this moment.

“They’re out of the Champions League, they need to invest in their squad and that’s the sort of thing that I think appeals to Mr Ek, aside from him of course being an Arsenal fan.”

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