Arsenal FC sells Alex Song to Barcelona
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.
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.
The sale is believed to have been on the cards for some time now, following a breakdown of the player's relationship with AFC over the terms of his contract.
Subscribe to 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
Get the latest financial news, insights and expert analysis from our award-winning MoneyWeek team, to help you understand what really matters when it comes to your finances.
MoneyWeek is written by a team of experienced and award-winning journalists, plus expert columnists. As well as daily digital news and features, MoneyWeek also publishes a weekly magazine, covering investing and personal finance. From share tips, pensions, gold to practical investment tips - we provide a round-up to help you make money and keep it.
-
High earners underestimate how much they need to retire comfortably
High net worth individuals grossly misjudge how much money they need for a comfortable retirement, new data shows, with many not saving enough.
-
Retired banker who gave wife £80m to avoid inheritance tax won’t face equal split in divorce
Family lawyers say the Supreme Court ruling will have significant impact on high net worth divorce cases