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Daily Cannon
·19 August 2024
Arsenal to profit from sell-on clause amid £10m deal reports
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Daily Cannon
·19 August 2024
CARDIFF, WALES: Mark McGuinness of Cardiff City battles for possession with James Garner of Nottingham Forest during the Sky Bet Championship match between Cardiff City and Nottingham Forest at Cardiff City Stadium on January 30, 2022. (Photo by Dan Istitene/Getty Images)
Rob Phillips reports for the BBC that Mark McGuinness is set to join Luton Town in a deal which could eventually be worth £10m, including add-ons.
McGuinness’ current club Cardiff City have given him permission to have a medical, after leaving him out of their squad for their Championship fixture at the weekend.
The move is good news for Arsenal, as the Gunners reportedly put a sell-on clause in the defender’s deal when they sold him in 2021.
Mark McGuinness
Reports at the time of the Cardiff move suggested Arsenal had opted for a sell-on clause instead of a transfer fee, to allow the deal to go through.
Rumours have hinted the clause is in the region of 20% to 25%, though no Arsenal correspondents have ever reported those details.
If true, Arsenal could earn as much as £2.5m from the deal, but only if and when McGuinness meets all of his add-on targets with Luton.
Mark McGuinness on his friendly debut for Arsenal against MK Dons (Photo via David Price on Twitter)
Whether Arsenal end up profiting or not, the move is a positive one for McGuinness, with Luton looking to bounce back up to the Premier League.
The centre-back made 86 appearances for Cardiff, and if he leaves now then he’ll do so on a high. He scored and helped his team to keep a clean sheet in his last Cardiff appearance against Bristol Rovers in the League Cup last week.