Cesc Fabregas joins Chelsea: Arsenal will pocket £5.6m after Spaniard joined Blues
The Gunners earn big windfall from deal, according to reports
Arsenal have been given a £5.6m boost to their coffers after Cesc Fabregas joined rivals Chelsea from Barcelona.
The payment comes from payments Barcelona still owe the north London club for Fabregas, who arrived at the Nou Camp in 2011.
The Catalan giants must now pay the remaining fee in the coming days, claims a report in The Times.
Arsenal had first option to sign the 27-year-old but turned down the opportunity to bring him back to the Emirates.
Chelsea will play Barca in three installments, essentially giving half of their first payment to Arsene Wenger.
Arsenal also announced the departure of right back Bacary Sagna to Manchester City today.
In a statement released last night, Fabregas said he had "unfinished business" in the Premier League.
"I do feel that I have unfinished business in the Premier League and now is the right time for me to return.
"Yes, everyone knows that Arsenal had the first option to sign me. They decided not to take this option and therefore it wasn’t meant to be.
"I wish them well."
Fabregas is preparing to play for Spain in their World Cup opener against the Netherlands tonight.
Latest in Sport
Lionel Messi dumps Jerome Boateng: The moment two-goal hero made Bayern Munich defender look like 'baby in a playpen'
Barcelona vs Bayern Munich match report: Lionel Messi double and Neymar strike put Barca on course for Champions League final
Floyd Mayweather mocks Manny Pacquiao: 'Winners win and losers have excuses'
Barcelona 3 Bayern Munich 0 player ratings
Manchester United, Arsenal, Liverpool, Chelsea and Manchester City in top eight of Forbes Rich List
- 2 Qataris pledge to expand Canary Wharf
- 3 #JeSuisEd: People share photos of themselves eating awkwardly in solidarity with Labour leader
- 4 Women think Irish men are the sexiest, survey finds
- 5 Florida couple forced to register as sex offenders for having sex on public beach
In defence of liberal democracy
General Election 2015: Post-election 'shambles' looms as 70 per cent of voters say SNP 'should not be able to veto UK government policies'
The Rothschild Libel: Why has it taken 200 years for an anti-Semitic slur that emerged from the Battle of Waterloo to be dismissed?
General Election 2015: UK will be 'run for the wealthy and powerful' if Tories retain power, Labour warns
General election live: SNP suspends two members for disrupting Labour rally
General election live: Booths open at 7am across the country on polling day