Spotify founder Daniel Ek says he's "very serious" about launching a bid to buy Arsenal.
Current owner Stan Kroenke says there are "no plans to sell any stake".
Spotify founder Daniel Ek says he's "very serious" about launching a bid to buy Arsenal.
Current owner Stan Kroenke says there are "no plans to sell any stake", but the Swedish billionaire says he's secured funds which make up a "very compelling offer".
Arsenal legends Dennis Bergkamp, Thierry Henry and Patrick Vieira are reported to be involved in the project with Ek.
A statement from KSE said
"In recent days we have noted media speculation regarding a potential takeover bid for Arsenal Football Club,''
"We remain 100 per cent committed to Arsenal and are not selling any stake in the club.''
Supporters protested against Kroenke outside the Emirates Stadium on Friday as Arsenal's involvement in the failed European Super League further widened the divide between owners and fans.
Despite KSE ruling out a sale, Ek told CNBC that he has a compelling offer'' for the club and that he has already secured the necessary finances to back the move.
"I've been an Arsenal fan since I was eight years old. Arsenal is my team. I love the history. I love the players. And of course, I love the fans,'' he said.
"So as I look at that, I just see a tremendous opportunity to set a real vision for the club to bring it back to its glory. And I want to establish trust with fans and I want to engage the fans again.
"So, to answer your question, I'm very serious. You know, I have secured the funds for it and I want to bring what I think is a very compelling offer to the owners and I hope they hear me out.''.