Arsenal have reached an agreement with Barclays Bank to renew the club’s overdraft facility. In documents published by Companies House earlier this week, a ‘Registration of Charge’ form was created on January 5, revealing that shares and land around the Emirates Stadium have been secured against the deal.
The credit facility is not intended to fund the signing of new players and instead it will be used in a similar way to a standard bank overdraft or only in the event of exceptional circumstances – like when the pandemic struck in 2020. While the agreement is unlikely to grant Mikel Arteta a war chest, the Spaniard remains determined to further bolster his squad this month.
In fact, confirmation of an agreement with Barclays Bank follows Arsenal’s pursuit of Amadou Onana. football.london understands that the Gunners are exploring a potential deal to sign the Everton midfielder, who’s been valued in the region of £50million.
Onana has featured 16 times for the Toffees in the Premier League this season, helping Sean Dyche’s side climb out of the relegation zone despite a 10-point deduction in November. The 22-year-old, who sees his contract at Goodison Park expire in 2027, has reportedly caught the eye of Arteta with his impressive performances.
It remains to be seen whether the north Londoners will lodge a bid this month, but interest in the Belgian comes after injury to Thomas Partey and shaky displays from Kai Havertz. When quizzed on Arsenal’s plans for the January transfer window, Arteta remained coy.
“What I beg from the supporters is that they are behind the team like they have been in difficult moments,” said the Spaniard. “Stick behind the ones that we have. They are incredibly good.
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“If not then they don’t do what they’ve done today and in Anfield. Stick by them. That’s exactly what they need. Then they feel important and supported. With their attitude they don’t deserve anything different. That’s my opinion.”
If Arsenal struggle to scrape together the funds to sign Onana then Arteta may be inclined to draft in a few loanees. In fact, football.london understands that the Gunners are already exploring the loan market for potential signing who could offers some temporary support.
It remains to be seen whether Arsenal will be able to find anyone who could help guide them back to the top of the Premier League table. Nevertheless, with three weeks left of the window, Arteta and Edu certainly have ample time to wrap up a few deals.
Olivia Martin is a dedicated sports journalist based in the UK. With a passion for various athletic disciplines, she covers everything from major league championships to local sports events, delivering up-to-the-minute updates and in-depth analysis.
