Wednesday, September 27

In a significant move for both clubs, United States forward Folarin Balogun has completed his transfer to AS Monaco from Arsenal. The deal, which was officially announced on Wednesday, sees the 22-year-old Balogun signing a five-year contract with the Ligue 1 club.

Balogun’s transfer to Monaco is valued at over $40 million (£34 million), making it one of the most notable deals in this transfer window. The agreement also includes a 17.5% sell-on clause, indicating that Arsenal will benefit financially if Balogun is sold in the future.

Folarin Balogun (R) on his way to score the equalizer next to Paris Saint Germain’s Sergio Ramos (C) and Paris Saint Germain’s Goalkeeper Donnarumma (L) during the French Ligue 1 soccer match between Paris Saint-Germain (PSG) and Reims

Having joined Arsenal at the tender age of 10, Balogun developed into a promising young talent within the club’s renowned academy. His potential was further highlighted during a successful loan spell with Stade de Reims in Ligue 1 last season, where he scored an impressive 22 goals.

The move to Monaco marks a return to France for Balogun and presents an opportunity for him to build upon his previous successes in Ligue 1. Given his proven goal-scoring ability, Balogun is expected to bolster Monaco’s attacking options and contribute significantly to their campaign in the upcoming season where they hope to regain their European spot.

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