Spotify CEO Daniel Ek’s Arsenal takeover bid slammed due to artist pay scheme

Daniel Ek's Arsenal takeover bid has been met with opposition from music fans unhappy with the fee artists receive from having their songs streamed on Spotify.

Ek, who is Spotify’s CEO and worth in the region of $4.7billion, launched his takeover bid last week after fans protested Stan Kroenke’s ownership of the club.

“As a kid growing up, I’ve cheered for @Arsenal as long as I can remember,” Ek wrote on Twitter. “If KSE would like to sell Arsenal I’d be happy to throw my hat in the ring.”

News of Ek’s interest might sound all well and good to Arsenal fans, but music lovers aren’t quite as pleased.

According to Business Insider, Spotify pay artists between £$0.003 and $0.005 per stream, leading some to question how Ek can afford to spend the £2bn it would take to prise Arsenal from Kroenke.

Music fans went on social media to respond to Ek’s offer to buy Arsenal, with Charlatans frontman Tim Burgess one of the first to hit out at the Swedish businessman.

He wrote: “Could we ask that you get things sorted out with musicians before jumping in with footballers??”

“As a musician – I would like to warn people in football not to give you the chance of f****** up their entire industry as well… you've done enough damage to music already”, was the view of one angry Twitter user.

While someone else joked: “If the Spotify CEO buys Arsenal does that mean the players don’t get paid anymore?”

Others made light of Spotify’s stingy rate for artists, adding: “Spotify’s owner has tweeted suggesting he wants to buy Arsenal. To be fair, the £0.0000006 he pays performers per play would still be generous for Willian.”

Ek confirmed on Monday that his ownership bid also had support from Arsenal legends Thierry Henry, Patrick Vieira and Dennis Bergkamp.

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  • The trio are are all involved in the bid alongside Ek, although it remains unclear whether the Kroenke’s will countenance an offer to sell.

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