Arsenal are only set to receive Joe Willock’s £25million transfer fee in instalments, Newcastle United have revealed.
Newcastle club announced: “The deal to bring Joe Willock to the club was formally completed on Friday 13th August 2021 and we are beyond delighted to have secured him. Our preference to pay transfer fees up front, rather than spreading payments over several years, is well documented. We believe this approach to be in the club’s long-term interests, giving the club far greater certainty and control over its spending in future windows and seasons. In negotiating/securing this deal post Covid-19, we acknowledged the need to make an exception and, on this occasion, have spread the transfer fee over instalments. We did so this summer to secure a player who we know makes us stronger and who our head coach was unequivocal in his desire to sign.”
Despite having enjoyed a prolific time with Newcastle during his loan spell last season, Willock is yet to get off the mark for the Magpies in 2021/22.
