GREAT News: Sanchez to Remain at Arsenal After This Huge Statement

Follow ooh to be a Gooner on Facebook and Twitter for more latest Arsenal news, match analysis, transfer news, injury news, team news and rumours from reliable sources around the World.

Bayern Munich may not go ahead with their pursuit of Alexis Sanchez, after club president Uli Hoeness confirmed they cannot afford to sign the Chilean.

Manchester City and Bayern were interested in signing the striker but the Budesliga giants appear to have pulled out of the race.

Previous reports had claimed Sanchez is demanding a salary package worth around £350,000 weekly and Bayern aren’t willing to pay that much.

Hoeness has now confirmed the move will not happen because of finance. When questioned about his club’s interest in Sanchez, the Bayern supremo said, as quoted by The Daily Cannon:

 “I’m not in the operational side. Karl-Heinz Rummenigge has not yet come to me, so the matter doesn’t seem to be too urgent with him.

“A €20m (£17.5m) salary is probably not feasible.”

This would give Manchester City a huge boost as they are willing to spend big on the Chilean. It will not also bode well for Arsenal if the forward refuses to sign a new contract.

 Wenger has stressed he will not be sold to a rival club and Bayern Munich withdrawing from the race means we would have to sell to City if he pushes for an exit.

Follow oohtobeagooner on Facebook and Twitter for more latest Arsenal transfer news, injury news, team news and rumours.