Transfer News

Arsenal defender willing to accept a pay cut to join schalke

According to reports from Germany Sead Kolasinac is so keen to return to former club Schalke that he’ll accept a significant pay cut to make the transfer happen.

Under contract until 2022, the Bosnian left-back is thought to be surplus to requirements at Arsenal with Kieran Tierney and Ainsley Maitland-Niles and even Bukayo Saka capable of playing on the left of defence,kolasinac has little or no chance of getting play time.

We reported the other day that Schalke wouldn’t mind taking him on loan for the season but that he currently earns far more they can afford.
Having signed for Arsenal as a free agent back in 2017, he’s said to be £100,000 a week. Possibly even more than that with bonuses.

For some context, Schalke’s finances are in a real mess. Prior to Covid-19 they had a significant debts and that situation has only gotten worse.

In June, billionaire chairman Clemens Toennies resigned and Munich-based publication Sueddeutsche Zeitung claimed the club would introduce a salary cap of 2.5 million euros for next season. They also had to take a €40 million loan from the state of North Rhine Westphalia just to secure the club’s short-term survival.

To make a move happen Kolasinac would need to take a huge pay cut to move to Schalke or they’d have to rely on the generosity of Arsenal who’d have to pay part of his wages if a loan move were to be agreed.

The latter doesn’t seem particularly likely. Indeed, for a potentially very small saving, you’d probably rather have Kolasinac in and around the squad. It’s not like he’s throttling the development of any youngsters coming through the ranks and he could be useful in cup competitions.

Arsenal are in no rush to get deals done so you’d expect Kolasinac to start the season as a Gunner.

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