Transfer news

'Gunners reject latest Fabregas bid'

August 5, 2011
By ESPNsoccernet staff

Arsenal have rejected the latest Barcelona bid for captain Cesc Fabregas because it falls short of their valuation, according to widespread reports.

Cesc Fabregas
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With Fabregas seemingly determined to secure a return to his hometown club, Arsenal chairman Peter Hill-Wood recently urged Barca to "stop messing about" and make a credible offer for the player.

However, it appears the clubs remain some distance apart in the valuations of Fabregas. The Independent reported on Friday: "Arsene Wenger was given the backing of Arsenal's majority shareholder Stan Kroenke yesterday to hold out on his £40 million (€46 million) valuation of Cesc Fabregas and not to change his position in any negotiations over the player's putative transfer to Barcelona this month."

AS reports that Barcelona's latest offer amounts to a guaranteed €32 million (£27.85 million) with an additional €6 million (£5.2 million) in variables. The paper also said the offer would be rejected, and Sky Sports News now believes that is the case.

Arsenal face a Champions League qualifier later this month and Fabregas, who appeared before Gunners fans at the club's Members' Day on Thursday, could be cup-tied in the competition if he makes an appearance.