Spotify creator Daniel Ek has announced that his offer to buy Arsenal, which included elements of fan ownership and board representation, was denied.
During protests against club owners last month, the Swedish billionaire, a lifelong Arsenal fan, tweeted his interest in buying the north London club.
Protests erupted in response to the club’s participation in the European Super League (ESL) project.
Arsenal was one of six English Premier League (EPL) clubs to sign up for a breakaway European competition last month, only to pull out less than 48 hours later.
Thousands of Arsenal supporters demonstrated outside the Emirates Stadium before the Gunners’ 1-0 loss to Everton on April 23 after Ek expressed interest in purchasing the club.
Kroenke, who owns the club through his Kroenke Sports and Entertainment company, has confirmed that he has no plans to sell.
However, Ek has stepped on with his ambitions and has the support of former Arsenal players Dennis Bergkamp, Patrick Vieira, and Thierry Henry in a possible takeover.
The 38-year-old has confirmed that he has made an offer to the Kroenkes to purchase Arsenal, which is believed to have been rejected by his son and director Josh.
Ek said on Twitter, “Inaccurate reports emerged today claiming I have not made an offer for Arsenal Football Club.”
“I believe it is necessary to correct the record: this week, an offer was made to both Josh Kroenke and their bankers that included fan ownership, board representation, and a golden share for the supporters.
“They stated that they do not need the funds. I appreciate their decision, but I remain involved and available in the event that the situation changes.”