Sebastian Squillaci’s time at Arsenal is up, but after a number of stories linking him with newly promoted Bastia, their president has admitted his club, like many others in France, do not have the financial ability to make a deal happen.
According to Pierre-Marie Geronimi, there is too much of a gap between salaries in England and France, as well as taxation issues which make it impossible to bring players like Squillaci back to Ligue 1.
“Sebastien Squillaci is an extraordinary player who plays for Arsenal where he has one year contract,” he told RMC. “I can not even give you his salary. He is one of the players who are out of reach for us and for many clubs in France.
“Times are tough for everyone,” he continued. “It will be increasingly difficult for the French players playing abroad to return to France. There is too much difference today between a wage in France and the English salaries, and the tax incentives in France will not be made for the benefit of these type of players.”
While some will choose to view this as a sign that Arsenal are paying salaries that are too high, it’s more an indication of the huge financial dichotomy that exists between a top tier Premier League club and a relatively small French side.
Squillaci, like Robin van Persie and Theo Walcott, is in a position where his contract expires in 2013, and it might take a gesture from Arsenal in order to make a move elsewhere seem more attractive. There is an indication that Arsenal are willing to waive a transfer fee so let’s wait and see what happens.