5/15/2023 0 Comments Spotify buy arsenalSpotify was founded at a time when illegal music downloading was rife and the music industry was struggling to convince people to pay for its product. One of the businesses Ek worked on during this period was UTorrent, a torrenting service, which gave him the idea for Spotify. READ MORE: JP Morgan promises to 'learn' from European Super League mistake "Buying sports cars, going to expensive nightclubs, spraying people with champagne and things like that: what I learnt is that it wasn’t for me and, in fact, I feel pretty empty after doing that," he told the Financial Times in 2013. The family bought both a computer and a guitar when Ek was just five. His father was a mechanic and his mother a childminder. Today, publicly listed Spotify is worth around $50bn ($36bn) and Ek has a net worth of $4.7bn, according to Forbes.Įk grew up Ragsved, Stockholm, a "pretty rough" area, he told the Financial Times. Stockholm-born Ek cofounded the company in 2006 and its success has turned him into a billionaire. READ MORE: Manchester United and Juventus shares crash as European Super League falls apartīillionaire Ek has supported Arsenal for "as long as I can remember," he said on Twitter, and was first attracted to the club when Swede Anders Limpar signed for them in 1990.Įk, 38, is the Swedish founder and chief executive of Spotify ( SPOT), the international music streaming giant. Watch: Arsenal fans protest against owner Kroenke But the potential bid comes at a delicate time, with fans angry at Arsenal's involvement in the aborted European Super League and football finances under pressure. Kroenke, who has had a controlling stake in the football club since 2011, has indicated he is unwilling to sell. On Monday, the Telegraph reported that Ek was working on a formal bid with club legends Thierry Henry, Dennis Bergkamp and Patrick Vieira. The Spotify founder and billionaire tweeted on Friday that he would be "happy to throw my hat in the ring" to buy the club if current owner Stan Kroenke was open to selling. Photo: TORU YAMANAKA/AFP via Getty ImagesĬould Daniel Ek become the new owner of Arsenal FC? Daniel Ek, CEO of Swedish music streaming service Spotify.
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