Spotify’s Daniel Ek Says He Would Buy Arsenal If Billionaire Stan Kroenke Agreed To Sell

Swedish billionaire Daniel Ek, CEO and cofounder of music streaming service Spotify, said on Friday that he would be open to buying English soccer club Arsenal if the team’s current owner, Stanley Kroenke, was ever looking to sell.

“As a kid growing up, I’ve cheered for Arsenal as long as I can remember,” Ek wrote on Twitter. “If KSE [Kroenke Sports & Entertainment] would like to sell Arsenal I’d be happy to throw my hat in the ring.”

The majority of Ek’s fortune comes from his 9% stake in Spotify, which he helped found in 2006. He first became a billionaire in 2019, a year after taking his company public, according to Forbes’ calculations. Ek now has a net worth of $4.7 billion. Spotify is worth $54 billion.

One of England’s top teams, Arsenal is owned by Stanley Kroenke, who built a fortune in real estate —much of it shopping plazas near Walmart stores, and is worth $8.2 billion, according to Forbes. Kroenke oversees a  sports empire that includes numerous American teams like the Los Angeles Rams and Denver Nuggets. He originally became sole owner of Arsenal in 2019 after acquiring a majority stake and has repeatedly said that he’s not looking to sell.

Arsenal is the eighth most valuable soccer team on the planet, worth $2.8 billion, according to Forbes’ calculations.  Would Ek spend 60% of his fortune to buy the team? Seems like a stretch. If Ek were to theoretically purchase Arsenal, however, it’s likely that he would have to do so with partners—as the club would comprise a large percentage of his total net worth.

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“We have no comment on this beyond Daniel’s tweet,” a Spotify spokesperson said when contacted by Forbes.

Arsenal has had a rough year, however, sitting 9th in the English Premier League. After 12 of Europe’s biggest teams—including Arsenal—announced last Sunday that they would take part in a new European Super League, the soccer world rose up in revolt. Everything collapsed by Wednesday, as the competition was denounced by fans, other teams, national leagues and even politicians. Eight of the 12 original clubs have withdrawn from the Super League.

Fans have recently taken to the streets, denouncing team owners for their involvement in the competition and accusing them of lining their own pockets. Several American team owners have notably come under fire, including Kroenke: #KroenkeOut was trending on Twitter and fans have continued to protest outside of Arsenal’s stadium.

Kroenke and his son Josh—who helps run Arsenal—have publicly apologized to fans for the Super League debacle, but reiterated they have no intention of selling the team.

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