London, August 2024 – Arsenal are set to profit from a sell-on clause as former player Mark McGuinness is poised to leave Cardiff City for Luton Town in a transfer deal reportedly worth up to £10m. According to BBC’s Rob Phillips, McGuinness is set to undergo a medical with Luton Town after Cardiff City granted him permission and left him out of their recent Championship match squad.
The deal is particularly good news for Arsenal, who are said to have included a sell-on clause in the defender’s transfer when they sold him to Cardiff City in 2021. At the time, reports suggested Arsenal opted for a sell-on clause in place of an upfront transfer fee to facilitate the move.
While the exact details of the clause haven’t been confirmed, rumours suggest it could be between 20% and 25%. If accurate, Arsenal could potentially earn up to £2.5m from the transfer, depending on whether McGuinness meets all his add-on targets at Luton Town.
Regardless of Arsenal’s financial gain, the transfer represents a positive step for McGuinness. Luton Town, recently relegated from the Premier League, are looking to bolster their squad for a strong campaign to return to the top flight.
McGuinness, who has made 86 appearances for Cardiff City, leaves on a high note after scoring and helping his team secure a clean sheet in his final appearance against Bristol Rovers in the League Cup last week. The move to Luton Town offers the 22-year-old centre-back an opportunity to continue his development at a higher level.
For further updates and news, stay tuned as the transfer progresses and Arsenal’s potential profit from the deal becomes clearer.