Over 1,000 fans of the north London outfit gathered outside the Emirates Stadium recently to protest against Stan Kroenke, the current owner.
After the remonstrations gathered a lot of media attention, Spotify’s founder and owner Daniel Ek tweeted expressed his desire to buy the club, and Castles has provided the latest development on that possibility.
He said: (33:32) “I spoke to one of the people very close to the bid if you like, which has yet to go in for Arsenal. And they told me that having spoken to Ek at length, they believe his intentions are very much realistic, and also honourable with regards to investing in Arsenal.
“And that despite the fact that his personal fortune would not allow him to buy Arsenal out complete if you like, so there would be a majority level of leveraged buyout via loans with a cash injection from him personally as well, which is not unusual. That’s a normal way of doing business in these situations.
“But that Kroenke has no intention to sell Arsenal. He believes that despite the humiliating defeat of the ESL project in the last seven or eight days, that European football will change in the next year, two years. It is inevitable that there will be a different structure.”
TIF Thoughts on Arsenal’s proposed takeover…
However, if Kroenke doesn’t want to sell the Gunners, then there’s not much the new prospective buyers can do.
There’s no guarantee that Ek would solve all of Arsenal’s on-field issues, but it’s clear the supporters have lost patience with the current regime in charge of the club.