News: Declan Rice to Arsenal

@gunnerblog on Rice: “It’s no longer between Edu & Karren Brady, it’s now a conversation between accountants effectively, people who are trying to make the numbers stack up for both sides, so this enormous transaction can take place. 

It is complex, but there is no reason to panic. If anything, the people involved in making this deal are a little bit more relaxed now because everyone is on the same page.” [YouTube]

 “West Ham can use the guarantee of future money from Arsenal to borrow against, to improve their cash flow in the short-term, but with interest rates high, that may not be favourable for them to do. 

Arsenal, meanwhile, they’re in a position where they can borrow direct from someone very close to them - they have borrowed, up until this point, quite a substantial amount of money, into the hundreds of millions, from KSE - effectively Stan Kroenke & his business.”

 “They can continue to do that & I suspect in order to get a deal the size of Declan Rice over the line, they will have to do that, but the benefit is that KSE are likely to offer Arsenal, as a sibling company, a pretty favourable rate with fixed terms that will not escalate based on interest, that’s my understanding.”