Is Daniel Ek wealthy enough?
Arsenal FC have a potential buyer out there in Daniel Ek. Ek is a money making man and has been since the age of 13. Of course I’ve googled him. He along with another guy are behind the invention of Spotify and just recently, has left this tweet on Twitter:
As a kid growing up, I’ve cheered for Arsenal as long as I can remember. If KSE would like to sell Arsenal I’d be happy to throw my hat in the ring.
So who is he?
Ek is 38 years old, born in Sweden and according to Forbes, he’s worth $4.7 billion. Forbes value Arsenal around $2.8 billion, give or take a few pounds so he could certainly afford to buy Stan Kroenke out if the American decided to sell the club.
As far as Spotify goes, it’s value has only increased over the years. According to Wikipedia, in 2017 Spotify was valued at $16 billion, which would put Ek’s share at over $1.6 billion assuming he did not sell any of his stake although since then, the Spotify Enterprise Value has risen to over $58 billion.
In all seriousness though, is a wealth of $4.7 billion enough to finance a football club, especially when more than half that reported wealth would be spent on acquiring the shares?
Again using Forbes as a financial guide, here are the wealthiest owners of English football clubs.
- Roman Abramovich – $28 billion.
- Mansour bin Zayed Al Nahyan – $22 billion.
- Stan Kroenke – $8.2 billion.
- John W. Henry Tom Werner – $2.8 billion.
- The Glazer Family – $4.7 billion.
- Mike Ashley – $2.5 billion.
The answer to the question is he wealthy enough has to be yes. Ek isn’t as rich as either the Man City or Chelsea owners are but he’s on a par with the Glazer family and head and shoulders above the Liverpool owners. Mind you, so is Stan Kroenke but Ek maintains he’s an Arsenal fan so it’s likely he’ll have more determination to make the club successful than the American.
I think three of the ‘Super League’ club fans, want their owners out of the club. Arsenal, Liverpool and Man Utd certainly do. I’m not saying all but certainly a large percentage in my opinion.
Hypothetically, Arsenal FC has a saviour in Daniel Ek who at least comes from a country where football is football and not soccer. A country where football has mattered over the years for both club and country. The Swedish League might not be as competitive as the Premier League but that means little really. The very fact that Ek is a football fan who supports Arsenal has to be a good thing I think.
Reading this, would you like to see Daniel Ek buy Stan Kroenke out or would you rather it were someone else, someone far wealthier?
See you in the comments.