Arsenal owner Stan Kroenke has turned down Spotify founder Daniel Ek’s offer to buy the North London club, according to the latter’s recent social media post.
Following their Super League debacle, the club has witnessed wrathful fans violently protesting against the Kroenke family outside the Emirates Stadium in recent weeks.
However, Daniel Ek revealed that the American businessman and his family are reluctant to sell the club despite the heavy criticism and mass protests.
Meanwhile, reports in England claim that Kroenke Sports & Entertainment are just as unlikely to sell the club for a penny less than its worth. Arsenal are worth just over £2billion with annual revenues of £309million and an operating income of £33.8million.
In 2007, Stan Kroenke, owner of several sports franchises, including NFL club Los Angeles Rams and NBA’s Denver Nuggets – bought a 9.9% stake in Arsenal, and the club’s value has witnessed steady revenue reporting 23% profit in the last couple of years.
But over the last few seasons, Kroenke and his son Josh’s administration have come under fire from the fans and official forums for their sub-par performance both on and off the pitch, which eventually peaked earlier last month after the Super League scandal.
Ek, who is worth an estimated £3.38bn thanks to his music streaming service, expressed deep interest in buying the club a few weeks earlier.
