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Barcelona

Why Barcelona Picked Anthony Gordon: The Financial and Sporting Calculation

Gordon’s signing reflects Barcelona’s financial planning and longer-term potential for 2025/26 now.

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Barcelona moved quickly once La Liga wrapped for 2025–26, reaching an agreement with Newcastle United to sign Anthony Gordon. The transfer has immediate consequences for Marcus Rashford, who spent 2025–26 on loan at Barcelona and had been hoping the club would exercise a buy option that was priced below market value.

There has been long-standing hesitance at Barcelona about committing to Rashford permanently. The club instead spent more than double that option on Gordon. Part of the rationale is accounting: amortization spreads the cost of a transfer fee and a player’s salary across the length of a contract, reducing the club’s annual burden.

Barcelona could have spent just $35 million to sign Rashford on a permanent basis, but a higher annual salary and a shorter contract would not necessarily have been materially cheaper overall. The Gordon deal will pay Gordon slightly less than Rashford is believed to have been on during the loan and also spreads the transfer fee over two years more. Rashford was reportedly hoping Barcelona would offer him a five-year contract on less money instead, if it meant lowering the annual expense so he could stay.

Sporting factors also played a part. Gordon, Liverpool-born, produced 12 goal involvements in 12 Champions League appearances this season, compared with eight in 26 Premier League matches. He also scored against Barcelona in the league phase, one of three appearances against the club he will now join. At more than three years younger than Rashford, Gordon offers room to improve and a potential resale in three or four years. By contrast, the draft argues, an investment in Rashford now could be almost completely lost by 2029, with the forward approaching 29.

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Barcelona have not formally ruled out signing Rashford and the player is reported to be holding on to hope. One anonymous club official told The Athletic that a deal is now “more complicated” than it was before Gordon happened.

Arsenal

Arsenal’s Approach to the Julián Álvarez Saga: Genuine Contender or Strategic Posture?

Arsenal monitor the Julián Álvarez saga, ready to move should Barcelona step aside this summer. 2026

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Arsenal remain a watching party in the Julián Álvarez transfer saga, keeping tabs while Barcelona lead the chase. Álvarez has signalled a preference for the Catalans, describing them as his “dream” destination and, during the World Cup, saying “it’s in everyone’s best interest for him to leave Atlético this summer.”

Atlético Madrid have resisted Barcelona’s advances, rejecting the opening bid, attacking the Catalans on social media and filing legal complaints against the La Liga champions. The club do not want to sell the striker in an ideal world. Barcelona president Joan Laporta has confirmed their original offer remains on the table and reports indicate an improved bid could follow the World Cup, though Laporta cautioned their approach is not “unlimited”.

Should Barcelona withdraw, Arsenal could move from observer to primary suitor. The Gunners are reportedly monitoring developments closely and are prepared to capitalise on any shift in the market. That posture aligns with the club’s wider summer activity. Arsenal strengthened with Piero Hincapié and backup goalkeeper Illan Meslier so far. Leandro Trossard’s permanent exit to Beşiktaş has been completed, and Club Brugge’s Christos Tzolis is linked as a possible replacement for the Belgian.

Other reported approaches remain unresolved. Interest in Newcastle United’s Bruno Guimarães has stalled, and there have been no fresh updates on Arsenal’s reported pursuit of Morgan Rogers or Bradley Barcola. Andrea Berta, Arsenal’s sporting director, previously held the same role at Atlético and was in post when Álvarez arrived from Manchester City in the summer of 2024.

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Arsenal won the Premier League title for the first time in over two decades and that success has shaped expectations of their summer business. Whether their link to Álvarez turns into a full-scale push depends on Barcelona’s actions and Atlético’s response. For now, Arsenal are combining patience with readiness, willing to spend to defend the title if the opportunity arises.

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Barcelona

Rashford accepts World Cup focus as his club future remains unsettled

Rashford is focused on the World Cup as his club future with United and Barcelona remains uncertain.

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Marcus Rashford has acknowledged frustration that the next step in his club career is unresolved, but he has been clear about his priorities while England remain at the World Cup. The Catalans opted for a pricier move for Anthony Gordon instead, which left Rashford to return to Manchester United for now. It remains unknown where he will play next season, though he is expected back in Manchester for preseason once England’s World Cup campaign and a mandatory three-week break are over.

“I live in the moment. I was very clear with everyone involved before the World Cup: I wanted it to be resolved before,” Rashford told reporters ahead of England’s next match against Mexico. “If it wasn’t, I wouldn’t deal with it until later. I want to be fully present in this moment [at the World Cup]. We are fighting for something very special, I don’t have the energy to dedicate to [thinking about club uncertainty].”

The Manchester United chapter is not closed. New manager Michael Carrick is not ruling out reintegration and the club is now very different to when the player fell abruptly out of favor with previous boss Ruben Amorim. Team-mate Harry Maguire says colleagues would welcome him back provided he wants to return.

Manchester United need reinforcements on the left side of attack and assigning Rashford that role could free funds for central midfield, where the club may require additional signings. From a United perspective a permanent sale would be preferable to another loan.

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Rashford’s profile suits several clubs. In the Premier League, Aston Villa and Newcastle United are mentioned as fits. Abroad, Bayern Munich or Paris Saint-Germain could be options if he accepts a role similar to his time at Barcelona, usually the first point of cover across the frontline.

Barcelona allowed a $34.33 million (£25.7 million) exclusive transfer clause to expire and could return later, apparently seeking $53.4 million (£40 million) in line with an apparent release clause. Last season Rashford produced 28 goals and assists in 49 appearances for Barcelona, a form that earned him an England recall and World Cup selection. He came off the bench to replace Gordon against Croatia and scored, then started against Panama and retained his place for the DR Congo match.

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Atlético Madrid

Alvarez goes public and forces a delicate transfer standoff between Atlético and Barcelona

Alvarez has made his preference for Barcelona clear, creating a tense transfer standoff for Atletico

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Julián Alvarez’s public declaration that a move would be “the best thing for everyone” has shifted a private matter into a visible transfer battle between Atlético Madrid and Barcelona. His comments at the World Cup have given Barcelona leverage while leaving Atlético facing pressure and anger.

Alvarez acknowledged his wishes in strong terms: “The best thing for everyone is a transfer. I want to fulfil my dream.

“It’s not the time to talk about this, but I can’t hide either,” he added. “I try to be an honest person. I spoke with people at Atlético Madrid, and I think a transfer is best for everyone.”

Reports from AS suggest Barcelona anticipated Alvarez going public and view the statement as a welcome development that increases pressure on Atlético to negotiate. ESPN says Atlético are “furious” and “blame” Barcelona; the club could even consider legal action.

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There are familiar echoes in the reporting of the 2019 situation surrounding Antoine Griezmann, when dispute arose over which release clause applied. For now Atlético insist they will not sell unless a club meets the €500 million release clause in Alvarez’s contract. The clause is mandatory in Spain and intentionally prohibitive, more than double the transfer world record of €222 million set in 2017 for Neymar.

AS writes that Barcelona are “confident that Atlético will eventually agree to open negotiations.” Fabrizio Romano adds that Alvarez has rebuffed interest from PSG and Arsenal, making clear that Barcelona is his destination. Romano also reports the player’s relationship with Atlético manager Diego Simeone is “almost zero” because they simply don’t gel; there has been “no fighting” but Alvarez appears to see no continuation.

Inside Barcelona the stance has been noted on social media, with Fermín López and Gavi among those reacting positively to coverage. With the Spanish transfer window closing at 10:59 p.m. on Thursday, Sept. 1, this is likely to become a waiting game that could run to the deadline.

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