Arsenal’s embarrassing early Europa League KO this week could cost the club £30m in lost revenue.
And if they fail to make it back into Europe this season they face another black hole of £40m in their finances, potentially setting back Mikel Arteta’s big rebuild years.
Arsenal, who are ninth in the Premier League ahead of Monday’s FA Cup clash at Portsmouth, crashed out after Olympiakos scored in the 119th-minute on Thursday night.
And in another blow to under-fire Gunners boss Arteta yesterday, big-money flop Mesut Ozil’s agent has revealed there is “no chance” of the club getting rid of him.
Arteta has already been warned he faces working with a tight transfer budget if the club fails to qualify for the Champions League.
Arsenal take coronavirus precaution and threaten to ban journalists who show symptoms
Rio Ferdinand teases Piers Morgan over Arsenal’s Europa League exit
But that looks way off with Arsenal seven points behind fourth-placed Chelsea – and Arteta’s chances of boosting his funds by selling Ozil have also now taken a hit.
That is because the 31-year-old, whose £350,000-a-week wages are a huge drain on the club, has no intention of leaving the Emirates.
Arsenal have been listening to offers for the former Germany star for months in the hope of landing him a big-money move elsewhere and getting his wages off the books.
But Ozil’s agent Dr Erkut Sogut said: “At the moment, we don’t even talk about it, because he still has one-and-a-half-years left.
Arsenal ‘could net £159m transfer windfall’ to fund Thomas Partey and Dayot Upamecano bids
“He still has 15 months to go. Until then, he will stay at Arsenal, for sure. He will stay until the end of his contract. There’s no chance he’ll leave.
“He is going into the end of this contract, he will be 32 years old, he will be a free agent, and it's not a bad situation.
“And he will have probably a hundred million followers on the social media side at that time, his marketing will be bigger by that time.
“And he's 32 so he can still go and play in top-level football for the next two or three years.”
Today's top football stories on Daily Star
Arteta will have some big decisions to make this summer with Shkodran Mustafi, David Luiz, Bukayo Saka and Sokratis Papastathopoulos all entering the last 18 months of their contracts.
Arsenal skipper Pierre-Emerick Aubameyang, who scored but missed a late sitter against Olympiakos, is back in contract talks and insists he wants to stay.
But fears remain that Alexandre Lacazette, whose deal expires in 2022, will want to leave, with Atletico Madrid among the clubs monitoring his situation.
- Premier League
- Europa League
- Mesut Ozil
- Arsenal FC
- Mikel Arteta
Source: Read Full Article