There’s been a lot of talk recently about the possibility of Stan and Josh Kroenke, in charge of the Kroenke Sports & Entertainment, selling Arsenal in the near future, particularly after the European Super League project fiasco and the fan protests that followed shortly.
Daniel Ek, co-founder of Spotify, apparently backed by former Arsenal stars Thierry Henry, Patrick Vieira and Denis Bergkamp, caused quite a stir on the subject with his tweet suggesting he would be willing to buy Arsenal FC off the Kroenkes. However, The Athletic journalists David Ornstein and Matt Slater don’t believe that is likely to happen in the near future. The Kroenkes themselves have moved decisively to dismiss any notions of it, reiterating their committment to the club openly and promising a heavy investment in the squad this summer.
Fenway Sports Group bought Liverpool for a sum in the region of £300 million, and the Merseyside club is now being estimated to be worth around 10 times that amount. That is, apparently, the return rate that Stan Kroenke would be looking to achieve in case he considered a sale of Arsenal. Slater says Ek is throwing around a figure of £1.8 billion, but that is not enough to tempt the current owners. On the other hand, an offer of around £2.5 billion would perhaps be something that could draw the Kroenkes to the negotiations table. At the moment, Ek’s interest doesn’t seem to be going away.
Another way that these journalist can imagine the club changing ownership would be if Arsenal continue down the road they’ve unfortunately been taking for the last several years. As a Champions League club, they are very profitable; less so by playing in the Europa League, of course. But now it seems the Gunners could actually fail to reach any European competition at all – the chances of that happening will increase significantly if they fail to win the Europa League – and that would be a disaster.
You can hear the full conversation on the topic, as well as the club’s transfer priorities and predicted activities in the market this summer, here.