Finance Guru View: This is how much Arsenal would have paid Ozil to get him out
Arsenal will have paid Mesut Ozil around 85% of the remainder of his blockbuster contract – around £6.3million – to get him out of the club last month.
That is according to football finance guru and new Football Insider columnist Kieran Maguire, speaking exclusively after the 32-year-old’s free transfer to Fenerbahce was finalised.
Ozil was left out of the Gunners’ Premier League squad for the 2020-21 campaign and had not played for the club since March 2020.
Ozil was on £350,000 a week at Arsenal and had around 21 weeks left on his contract, which was due to run until the end of June.
Maguire estimates that the Premier League club would have paid off 85 per cent of the £7.4m remaining, equivalent to around £6.3m.
He told Football Insider: “Financially, I suspect they’ve had to pay him off for the rest of his contract. So there will be a relatively minimal financial benefit to the club.
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“When Jack Wilshire left West Ham, they paid him 85% of the rest of his contract.
“The way that Ozil’s been talking, I imagine he’s done something of a similar nature.
“It’s a complicated situation…
“I understand and agree with a lot of the things he has said. I suspect many at Arsenal will feel the same, but when it comes down to the bottom line, it doesn’t help them to get involved in things of that nature.”
Ozil arrived in North London from Real Madrid for a then-club-record £42.4m fee in September 2013.
Since then, the 92-time international has played 254 times for the club, scoring 44 goals and winning three FA Cups in four seasons between 2014 and 2017.