Arsenal rake in £2m windfall as Mark McGuinness completes move to Luton | OneFootball

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Arsenal rake in £2m windfall as Mark McGuinness completes move to Luton | OneFootball

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Evening Standard

·21 August 2024

Arsenal rake in £2m windfall as Mark McGuinness completes move to Luton

Article image:Arsenal rake in £2m windfall as Mark McGuinness completes move to Luton

Gunners have worked to include sell-on clauses in recent years

Arsenal are set to bank around £2million after their former academy graduate Mark McGuinness joined Luton Town from Cardiff.

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McGuinness left Arsenal in 2021 for Cardiff after spending 10 years with the Gunners academy setup.

Included in that deal was a sell-on clause, which was understood to be 30 per cent of any profit Cardiff made when selling McGuinness.

Arsenal are now set to reap the rewards of that after McGuinness completed a £10m move to Luton this week.

The Gunners are understood to be banking around £2m from the centre-back’s move, which will boost their finances.

Article image:Arsenal rake in £2m windfall as Mark McGuinness completes move to Luton

Done deal: Mark McGuinness has left Cardiff for Luton

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Arsenal have worked over the years to include sell-on clauses in deals involving academy players leaving the club.

They made around £4m earlier this summer after Omari Hutchinson left Chelsea for Ipswich as part of a deal worth £22m.

A sell-on clause has also been included in the deal that saw Mika Biereth move to Sturm Graz for £4m in July.

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