Arsenal director Josh Kroenke revealed that the club is not for sale despite receiving a £1.8bn bid from Spotify owner Daniel Ek. He insists that the Arsenal owners have big ambitions to bring the glory years back. Ek had said that he wrote to owner Stan Kroenke as well as submitted a bid, one which was not responded to. Josh Kroenke said that no bids shall be accepted as the current owners have plans in place to take the club forward.
“We get bids for the club all the time, from many different parties around the world and that speaks to the strength of the Arsenal,” Arsenal director Josh Kroenke said. “It’s a wonderful institution, Arsenal Football Club is a global brand and my only response to anything is the club is not for sale, we’re just getting started. We’ve only really owned the club since 2018. We have a young manager, we have a young squad and we’re charting our path to the future.”
“In the United States we have a certain model [used at other organizations run by Kroenke Sports & Entertainment] and we’re implementing that here, and we have over the last three years, which is, young players, talented players with the right mentality, let them grow together while continuing to sprinkle in talent throughout the squad,” he added. “Eventually it grows into something very special. The power of continuity behind the scenes and people working together and pulling in the same direction is an underrated aspect of pro sports.”