Arsenal and Man Utd’s Gabriel transfer hunt affected by Lille’s FFP hit

Arsenal and Manchester United may be left feeling the affects after Lille were handed Financial Fair Play sanctions.

The two Premier League giants have both been linked with Lille star Gabriel Magalhaes this summer, but it may not be easy now to secure a signing.

UEFA’s Club Financial Control Body Investigatory Chamber has ruled that Lille have been in breach of FFP regulations.

They also confirmed that the Ligue 1 outfit have reached an agreement with governing body which sees them balance their books over the next four seasons.

Lille have some strict rulings though with the club ordered to not not post losses of more than €20m at the end of the 2021 financial year and then €10m the year after that.

They must then be fully compliant with rules which insist on losses of no more than €30m over a three year 'monitoring' period.

It gets worse for Lille though, as they have agreed to have up to €9m of earnings from European competition withheld.

They can only name new signings in their squad for European competitions if they record a "net positive transfer balance".

And that could have a major impact on Manchester United and Arsenal, who have both been linked with a move for Gabriel.

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It may mean that the Ligue 1 club ramp up their asking price for a player that they bought for just £2.5m.

Lille are believed to have originally wanted a fee of around €30m (£27m), but their sanctions could see them desperate to get any cash they can.

Arsenal reportedly turned down the chance to sign Gabriel in January due to the club’s financial crisis.

Gabriel recently said on his future: “It is gratifying because there are a lot of teams talking about me.

“Gennaro Gattuso [Napoli’s manager] likes me a lot? I don’t know, we haven’t talked.

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“On the internet, on social networks, there are a lot of things coming out. I do not know what is true. I see every day, ‘Ah Gabriel goes there, then there’.

“But in fact, we don’t know yet where I’m going to go. Wherever I go it will be to play, to be at the top, at the highest level.

“And above all in a team that will allow me to go to the Selecao [Brazilian national team].”

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