The Gunners were one of 12 founder clubs who announced their intentions to form the new competition a week ago, but pulled out on Tuesday evening in the face of intent criticism from fans, players, pundits and politicians.
The backlash continued as thousands of Arsenal fans gathered outside their Emirates Stadium ahead of Friday’s Premier League defeat by Everton to protest against the club’s owner – American billionaire Stan Kroenke.
Kroenke has previously come under fire from fans for a lack of adventure in the transfer market.
“I don’t recognise my club and what happened just now, with them trying to join a league that would have been closed, makes no sense to me,” Henry, Arsenal’s all-time top goalscorer, told The Telegraph.
“They’ve been running the club like a company … and they showed their hand. Maybe it’s a lack of understanding of the core football values and maybe the money was too big of a temptation. But whatever it was, they got it badly wrong.
“I was genuinely shocked like most and couldn’t believe what was unfolding. I’ve never talked before, but what happened made me realise fans … this is your club … I’m an Arsenal fan too.
“I’m proud of what the fans achieved. Not just Arsenal fans, all the fans. The result was a victory for football.”
Daniel Ek, the founder and chief executive of music streaming service provider Spotify Technology SA, on Friday said he would be interested in buying Arsenal if under-fire Kroenke wanted to sell the club.
Arsenal are valued at $2.8 billion, according to Forbes.
Additional reporting by Reuters.