Elneny’s former club in Egypt cash in first deposit on Arsenal move
Mohamed Elneny’s former club in Egypt Arab Contractors received the first part of their solidarity and training compensation for the player’s move from Basel FC to Arsenal.
Arab Contractors board member Mohamed Adel Fathi confirmed the first payment which was 200,000 GBP adding that the Egyptian outfit is currently waiting to receive the second amount of the payment.
“Arsenal sent us 200,000 GBP for the first amount of the payment as part of the solidarity and training compensation for Elneny,” he said in radio comments. “We are waiting to receive the second part of the payment which will be 400,000 GBP.”
According to FIFA’s Regulations on the status and transfer of players regulations, Elneny’s former Egyptian club is entitled for a percentage of the player’s contract under article 20 which states the training compensation and article 21 which states the solidarity mechanism.
Article 21 states that if a professional is transferred before the expiry of his contract, any club that has contributed to his education and training shall receive a proportion of the compensation paid to his former club, thus Arab Contractors were able to obtain 4% of Elneny’s contract with Arsenal.
Elneny is getting very few minutes with Arsenal participating in only five Premier League games this season with the team, including only two starts. The 25-year-old collected a total of 15 appearances with Arsenal this season in all competitions.
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