With Mesut Ozil and Shkodran Mustafi both terminating their contracts, it continues a trend at Arsenal of generating very little, if anything from players sales.
A brilliant piece of analysis by friend of the site Swiss Ramble really highlights the issue over the past decade:
Arsenal have made an 8-figure profit on just two players – Emiliano Martinez and Alex Oxlade Chamberlain (note: players to have come through Arsenal’s youth system have been excluded).
12 transfers have seen Arsenal make an 8-figure loss.
Stan Kroenke has come in for criticism from many for “not spending enough money”, but in the last decade Arsenal have wasted £100s of millions on poor transfers, and the wages and fees that go with them
What is clear is that Arsenal need to start spending their own money better.
Not sure players like Arteta, Nacho, Cazorla, Cech, Koscielny and Mertesacker count as transfer losses – £66m on players who played for Arsenal nearly 1300 times between them. That’s value for money. Even Ozil at £42 million for 8 years and 250 games. Buying low and selling high is not the only measure of value.
But overall yes, it’s pretty shocking.