« Desperate Koç needs Ozil | Main | Supporters of loss-making Arsenal need to change their perception of the club »
Monday
Jul082019

Aubameyang – sign on or be sold?

In March, Arsenal CEO Vinai Venkatesham and Head of Football Raul Sanllehi made it clear that any Arsenal player who does not renew their contract before reaching the final two years of their deal will be sold – or attempt to be sold.

In Sanllehi’s own words: "We need to make sure that those players, when they’ve got two years left on their contract, we’re making the difficult decisions. We’re either renewing those players’ contracts, or we’re selling those players. We’re going to have to be brave with those decisions along the way.”

At present, this theoretically applies to five Arsenal players whose contracts expire in the summer of 2021: Sokratis, Mustafi, Mkhitaryan, Ozil and Aubameyang, although as Greek CB Sokratis has no resale value, we can rule out the need to extend his contract.

Of the remaining four, it seems likely Aubameyang is the only player Arsenal is actively interested in keeping. The striker turned 30 in June and there have been rumours of interest from two Chinese clubs. However, as the player receives a £3.75m loyalty bonus for every season completed at Arsenal, the lure of moving to China for financial reasons is rather dampened.

The problem for Arsenal is that we are now five weeks away from the start of the season, no contract extension has been reported and one might assume the club would want this situation sorted out sooner rather than later. If the board has offered a contract and Aubameyang is stalling, Arsenal only have until August 8 to sell the player - and selling him on that date would not be much use if the club wanted to use the income to invest in the squad for the coming season.

It’s also worth noting that selling Aubameyang in a timely fashion would not necessarily enable Arsenal to kit the team out with a bunch of new players. Even if he commanded an £80m fee, over a (likely) four-year deal, Arsenal would only receive £20m up front due to amortisation, which spreads the cost of the transfer over the duration of the player’s contract.

Arsenal could spend the remaining £60m four years in advance of receiving it, but I’m not entirely sure if that’s a credible way for a club to operate.

This demonstrates how the sale of Aubameyang, were it to happen, would likely not provide Arsenal with a huge sum of money from which to spend on players, and therefore not be a good reason to sell. What would be a good reason to sell is Aubameyang not extending his deal within the next few weeks, as his value will begin to significantly depreciate once the August transfer window expires.

With that in mind, I guess we’ll soon find out if Sanllehi is true to his word.

—oo—  

Arsenal Truth can be found on twitter @ https://twitter.com/trutharsenal

Comments should be intelligible and relevant. All others will be binned.

PrintView Printer Friendly Version

EmailEmail Article to Friend

Reader Comments

There are no comments for this journal entry. To create a new comment, use the form below.

PostPost a New Comment

Enter your information below to add a new comment.
Author Email (optional):
Author URL (optional):
Post:
 
Some HTML allowed: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <code> <em> <i> <strike> <strong>