Arsenal secured a sell on clause in their deal with Monaco for Folarin Balogun.
As reported by The Mirror, Arsenal recently sold striker Folarin Balogun to French side Monaco for £34 million. The Gunners have also retained a stake in the player via a 17.5% sell on clause included in the arrangement.
Whilst Arsenal originally wanted £50 million for Balogun, they will take some solace from having successfully negotiated this sell on clause.
The USA striker is a supremely talented player with a huge amount of potential. If he is able to kick on and develop in Ligue 1, he may well be moved on again in a big money move in future. At that point, Mikel Arteta will receive a financial windfall as a result of this sell on clause.
Balogun was able to prove his quality during a loan spell with Reims in Ligue 1 last season. The 22-year-old forward netted 22 times in 39 appearances for the French club. However, he was unable to do enough to break into Arteta’s plans at the Emirates Stadium. The likes of Gabriel Jesus and Eddie Nketiah remained ahead of Balogun in the Arsenal pecking order.
Arsenal hold high hopes for Balogun
The north London club will now be hoping that the New York-born forward does enough in his time at Monaco to increase his value and earn himself another big money transfer move. However, Arsenal will also be keen for Balogun to remain outside the Premier League, where he would have the capacity to come back and haunt the Gunners.
Of course, this situation could also backfire on Arsenal. If Balogun struggles to adapt in Monaco, and his stock falls, then Arsenal will almost certainly miss out on significantly benefitting from this sell on clause. At that point, they will regret not having demanded a bigger fee up front this summer.