Mikel Arteta rejects Managing Arsenal due to ‘financial handcuffs’.

Mikel Arteta rejects Arsenals managerial position due to not having more control on transfers and been handicapped to a £50 million budget.
The deputy Head of Sport at the Sun, Martin Lipton, who appeared at the Kick Off on Monday night shared more light on his statement.
Later in the evening news broke out of Unai Emery, who was formerly on the PSG team till the end of their campaign following his two year stint, was set to be appointed as Wengers new successor imminently, regardless Mikel Arteta’s talk with Arsenal hierarchy over at the weekend. It could have been concluded Arteta would definitely be taken on the post.
Lipton shared with talkSPORT saying Artete wasn’t willing to work with the budget as it’s restricts his requirements to full management so more so this his ever managerial role.

He said: “Arteta, who was being briefed and being pointed out as the most likely successor to Arsene Wenger, has developed cold feet with regards to the financial handcuffs he would have been under.
“There is, and I’m being told this is right, £50 million spend maximum for any incoming manager.
“Which seems like a lot of money, and they will point to the fact the money they spent of Aubameyang, on Mkhitaryan and also on giving Ozil his new deal in January.
“And he wanted a bit more control, a bit more promises, a bit more guarantees which he wasn’t going to get.
“Then suddenly, out of nowhere, Unai Emery (who only officially left management PSG yesterday at the end of the French season) flew into London, was obviously approached in the last few days.
“And it does seem to appear that he will be unveiled as the next Arsenal manager.”

Emery has won several domestic cups but had failed to do greatly with the champions league in France during his two years section with PSG. He has however lifted the Europa cup on three different occasions.

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