Gunners break British transfer fee record for an inter-club transfer as Declan Rice becomes Arsenal's third summer signing
In a groundbreaking move, Arsenal Football Club has completed the signing of England midfielder Declan Rice from West Ham United for a club-record transfer fee of £105 million. The deal surpasses Arsenal's previous record fee and marks the highest transfer fee ever paid between two British clubs.
Declan Rice's transfer to Arsenal brings an end to his remarkable ten-year tenure at West Ham, where he progressed from a youth team player to becoming the club's captain.
A new chapter begins. pic.twitter.com/ha5Btd8I2h— Arsenal (@Arsenal) July 15, 2023
The 24-year-old midfielder made 245 appearances for the Hammers since his first-team debut in 2017, culminating in a triumphant moment as he lifted the Europa Conference League trophy in his final game for the club.
Arsenal's acquisition of Rice demonstrates their intent to bolster their squad and compete at the highest level.
The Gunners' summer spending now stands at an impressive £208m, with Declan Rice joining the ranks alongside previous signings Kai Havertz from Chelsea (£65m) and Jurrien Timber from Ajax (£38m).
The £105 million deal for Declan Rice is not only a record for Arsenal but also represents the highest transfer fee ever paid between two British clubs, just slightly short of the British record set by Chelsea's £106.8 million signing of Enzo Fernandez from Benfica in January.
This landmark transaction highlights the financial prowess and ambition of both Arsenal and West Ham in the transfer market.
The breakdown of the deal reveals an initial payment of £100 million, which will be spread over a period of 24 months.
Additionally, there are £5 million in potential add-ons, with £1 million awarded each time Arsenal qualifies for the UEFA Champions League and Rice starts 60% of the team's matches.
The acquisition of Declan Rice further strengthens Arsenal's midfield options, bringing in a player who has proven his talent and leadership qualities.
With his England international experience and significant contributions at West Ham, Rice is expected to play a pivotal role in Arsenal's quest for success.
Arsenal's capture of Declan Rice in a record-breaking £105 million deal from West Ham underlines the club's determination to compete at the highest level.
The midfield maestro's arrival adds further excitement to an already eventful summer transfer window as Arsenal bolsters their squad with exceptional talent.
As fans eagerly anticipate the new season, the signing of Rice serves as a statement of intent from the Gunners, signalling their ambition to challenge for domestic and European honours.