Martinelli £60m exit exposes Arsenal’s Saudi strategy flaw

Arsenal’s £60m sale of Gabriel Martinelli to Al-Hilal exposes a deeper flaw in the club’s transfer strategy. The Brazilian winger’s exit, the second major departure to Saudi Arabia in months, underscores the Gunners’ growing reliance on Saudi Pro League cash to balance their books. While the £60m fee sets a new Arsenal record, it also raises questions about the sustainability of a model that prioritises short-term financial relief over long-term squad rebuilding.

The Saudi exit that exposes Arsenal’s financial crutch

Martinelli’s move to Al-Hilal for £60m eclipses the £40m Arsenal received for Alex Oxlade-Chamberlain in 2017, making it the club’s most lucrative sale to date. The fee includes a sell-on clause, a detail that hints at Arsenal’s cautious approach to recouping value after failing to secure a replacement. His departure follows Leandro Trossard’s sale to Besiktas in July, pushing Arsenal’s summer player sales past £120m. The club’s reliance on such exits to fund transfers is becoming a pattern, one that risks leaving gaps in the squad that cannot be filled by internal promotions or last-minute deals.

The timing of Martinelli’s exit compounds the issue. He made just 11 Premier League starts last season, his lowest tally since 2020/21, despite Arsenal winning their first title in 22 years. His exclusion from the opening two league games this term, coupled with his rejection of Galatasaray’s £38.9m offer, suggests a breakdown in communication between player and club. Former Arsenal striker Ian Wright described the treatment as “uncomfortable,” a rare public critique that hints at broader discontent within the dressing room.

Squad rebuilding takes a backseat to financial pragmatism

Arsenal’s summer transfer activity has been defined by caution. Christos Tzolis, signed from Club Brugge for an undisclosed fee, is the only new attacker added to the squad, and he has already started in Arsenal’s first two league wins. The Gunners’ failure to land targets like Morgan Rogers or Vinicius Junior—despite reported interest—left them with little choice but to accept Martinelli’s departure. The club’s statement on his exit praised his contributions but offered no clarity on how the £60m will be reinvested. With the window closed, the funds may sit in the bank rather than strengthening the squad.

The contrast with Arsenal’s spending this summer is stark. While rivals like Manchester City and Liverpool broke their transfer records, Arsenal’s only incoming additions were Tzolis and 17-year-old Georgian midfielder Andria Bartishvili, who won’t join until next summer. The club’s financial restraint, while understandable given their recent Champions League progress, risks leaving them exposed if key players depart in future windows. Reports of contact between Mikel Arteta and Atletico Madrid over Julian Alvarez suggest the manager is already looking ahead, but such moves require significant outlay.

The Arteta paradox: ambition vs. financial reality

Mikel Arteta’s project at Arsenal has been built on a blend of youth development and astute signings. Martinelli’s sale, however, exposes the tension between ambition and financial prudence. The club’s reliance on Saudi sales to balance the books may provide short-term stability, but it also risks eroding the squad’s depth. With players like Leandro Trossard and now Martinelli leaving for foreign leagues, the Gunners must ensure their next wave of talent is ready to step up. The £60m from Martinelli’s transfer could fund a marquee signing, but only if Arteta can convince targets to join a club that has just sold two of its brightest prospects.

The irony is that Arsenal’s title win last season was powered by homegrown talent like Martinelli, Bukayo Saka, and Emile Smith Rowe. Yet, as the club chases Champions League glory, the same financial pressures that once forced sales of players like Alex Oxlade-Chamberlain are resurfacing. The question now is whether Arteta can build a squad that doesn’t rely on Saudi exits to fund its future.

A tactical reset is overdue

Arsenal’s transfer strategy under Arteta has oscillated between bold moves—like the £72m signing of Declan Rice—and financial caution. Martinelli’s sale suggests the latter is winning out, at least for now. The club’s failure to land a left-sided alternative, despite interest in players like Morgan Rogers, points to a lack of leverage in negotiations. With Tzolis the only new attacker added, the squad’s attacking options remain unbalanced. Arteta’s preference for a front three of Saka, Eddie Nketiah, and Tzolis may work in patches, but it lacks the creativity and dynamism of Martinelli’s profile.

The £60m from Martinelli’s sale could be a game-changer if spent wisely. But if it merely plugs a financial hole while leaving the squad weaker, Arsenal’s long-term ambitions will suffer. The club’s next transfer window must see a shift from reactive sales to proactive signings. Otherwise, the Gunners risk becoming a revolving door for talent, with Saudi clubs the ultimate beneficiaries.

Martinelli’s exit is a statement of intent from Al-Hilal, not Arsenal. The club must now decide whether its financial strategy is a bridge to future success or a barrier to it.