The details of Mesut Özil’s Arsenal contract following his switch from Real Madrid have been leaked online, and there are some clauses we should definitely be aware of in there, as reported by The Telegraph.
As the report suggests, Özil is our record signing at a whopping £42m. The deal includes installments, buy-back clauses, and sell-on clauses however, so it’s not as simple as we all initially thought.
The £42m (€50m) fee was split into a number of payments following the German’s arrival, with just €24m paid upon his initial signing. €15m was then paid roughly a year later on September 30th 2014, followed by a further €5m exactly a year after that on September 30th 2015. The remaining €6m was split into even payments over the next six years, with the condition that Arsenal qualify for the Champions League group stages each season.
This suggests Arsene Wenger has been looking to safeguard against any potential failure to qualify for the Champions League, which would obviously have serious financial ramifications. Obviously this is yet to happen, as Wenger has consistently guided us into – and through – the Champions League group stages. It shows that the Frenchman is well prepared for any eventuality though, and now that we’re out of the financial mire we were stuck in for so many years we’re ready to reap the rewards.
As stated though, there are also a number of other clauses inserted into the contract, like a hefty sell-on clause that could potentially provide Real Madrid with a serious cash injection. If we were to sell the German playmaker to another Spanish club for anything above the €50m we paid, then Madrid would be entitled to 33% of any profit we made.
Although this may seem like a lot, it actually seems rather unlikely that this situation would ever arise. Özil may be playing the best football of his career at the moment, and you’d argue that he’s worth much, much more than the €50m we paid. Other than Real Madrid and Barcelona though, who in Spain would be willing or able to match our valuation? It seems that the only chance Madrid have of seeing any money from the sell-on clause, would be if we were to accept a massive bid from their La Liga rivals Barcelona.
- BBC: Arsenal To Confirm Mkhitaryan Deal On Monday/Tuesday
- [Match Highlights] Arsenal 4-1 Crystal Palace – All The Goals And Best Bits
- [Player Ratings] Arsenal 4-1 Crystal Palace – Iwobi, Monreal & Wilshere Star For Gunners
There seems slightly more of a possibility that Madrid’s buy-back clause could come into play, if we ever part ways with the World Cup winner that is. Los Blancos have first refusal if we accept a bid from any other team, as long as they match the bid within 48-hours.
Arsenal transfer news
The other notable clause in the contract is a confidentiality clause, which prevents Arsenal or Madrid from sharing the details of the contract. That seems null and void now that the contract has been leaked though, with the power of the internet showing itself once again.