Arsenal Holdings, the owner of The Arsenal Football Club (AFC), has entered into an agreement for the sale of footballer Alex Song to Futbol Club Barcelona.
Song, a midfielder, was transferred for £15m reportedly after Arsene Wenger, the club's manager, become frustrated by his lack of commitment in pre-season.
MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
It is understood that Song will bag himself £70,000 a week on his new contract at Barcelona, having earned £55,000 a week with AFC.
NR
-
Is it time to ride the recovery in emerging markets?Interview What's the outlook for emerging markets? Gustavo Medeiros, head of research at Ashmore Group, gives his analysis and reviews progress in developing economies
-
Could the Enterprise Investment Scheme cut your tax bill?The Enterprise Investment Scheme is tax-efficient and potentially lucrative. Taking a chance on the scheme could trim your family’s IHT bill, says David Prosser
