Spotify CEO says Arsenal’s billionaire owner turned down his offer

0
66

Spotify Technology SA Chief Executive Officer Daniel Ek said he made a bid for London’s Arsenal Football Club that was rebuffed by American billionaire Stan Kroenke.

“It’s important to correct the record,” Ek said Saturday, referring to reports that he hadn’t made an offer. “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,” he said.

“They replied that they don’t need the money,” Ek said, adding that he remains “interested and available should that situation ever change.”

Also read: Spotify crosses 1 billion downloads on Android, becomes most installed audio streaming app

Arsenal is valued at $2.8 billion, according to Forbes, making it the eighth most-valuable soccer club in the world. Kroenke, who’s worth $9.7 billion, according to the Bloomberg Billionaires Index, owns all of Arsenal after taking it private…

Read more…