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Arsenal set for £119m windfall in summer transfer window amid Mikel Arteta plans

Bukayo Saka of England during the international friendly match between England and Iceland at Wembley Stadium on June 07, 2024 in London, England
-Credit: (Image: Photo by Catherine Ivill - AMA/Getty Images)


Arsenal could be set for a much-needed windfall ahead of the summer transfer window following the completion of this year's 2024 UEFA European Championships which kick-off next week in Germany.

The Gunners have seen 11 of their best selected for the tournament by their respective nations, with Declan Rice, Bukayo Saka and Aaron Ramsdale all being chosen by Gareth Southgate for the England squad. Kieran Tierney will play for Scotland while Kai Havertz is set to lead the line for hosts Germany.

William Saliba was selected for France, Oleksandr Zinchenko will captain Ukraine, David Raya will be in between the sticks for Spain, Jorginho will be hoping to retain the title for Italy which they won over England on penalties at Wembley while Jakub Kiwior and Leandro Trossard also received call-ups for Poland and Belgium respectively.

Because of this, Mikel Arteta's side will receive a slice of the revenue generated by the tournament from UEFA under what is known as the Club Benefits Programme. It's a scheme that has run during each major tournament since the 2018 World Cup and acts as compensation for clubs that have their players elected during the summer.

UEFA have already confirmed that the distribution system is unlikely to be very different to what it was during Euro 2020, meaning we can already get a good guess as to how much each club is likely to receive. Final details have yet to be confirmed, other than an announcement that the total amount paid to clubs for the finals would rise from €130m (£110m) to €140m (£119m).

The money each club will receive is paid as a fixed amount per player per day, with payments beginning 10 days before a team’s first match at the finals and going on up until a day after they are eliminated. At Euro 2020, a Category 1 club like Arsenal received €8,700 (£7,400) per player per day.

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It means that with 11 players in the Group Stage alone, the Gunners will receive between £1.5 million and £2 million but could find themselves receiving more if more of those stars go further on into the tournament. Given the amount of players playing amongst the competition's favourites, with eight of the 11 playing for the five of the seven top European nations according to the FIFA World Rankings, they could be handed quite a bit more.

Following the 2022 World Cup in Qatar, which took place mid-season during the winter, the Gunners were given £1.5 million with each club being paid £8,200 per player per day they were at that tournament with 11 players also on duty in that tournament.