Declan Rice transfer fee: Arsenal and West Ham agree record fee for England international | Sporting News (2024)

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Arsenal have agreed a £105million fee with West Ham for the signing of Declan Rice

Arsenal have confirmed the signing Declan Rice from West Ham in a £105million deal. The Athletic reported earlier this month that the midfielder had been given permission to undergo a medical and finalise personal terms after the two clubs had settled on a transfer fee of £100million plus £5million in add-ons in June.

Rice's transfer exceeds Jack Grealish's Premier League figure of £100m, the previous record when Manchester City bought him from Aston Villa in 2021. Declan Rice has joined Arsenal from West Ham in a record £105m deal. The transfer is made up of a £100m initial fee plus £5m in performance-related add-ons.

The Premier League runners-up agreed a fee for Rice worth £100 million ($131m) plus £5m ($6.5m) in add-ons, sources told ESPN. The amount easily eclipses Arsenal's previous record fee -- the £72m paid to sign Nicolas Pepe from Lille in 2019.

Arsenal are interested in signing Declan Rice and Moises Caicedo in the summer transfer window. Mikel Arteta wants to sign two new central midfielders ahead of next season and is prioritising a move for Rice.

Declan Rice and Martin Odegaard are among the best midfielders in the Premier League. The pair have been vital in Arteta's engine room in the past 12 months and are both paid £240,000-per-week for their efforts.

Declan Rice - £105m

He is now Arsenal's most expensive-ever signing and already living up to his price tag.

While his ability is obviously the most important thing about him, Rice's availability makes him even more valuable. It will have been at least part of the reason he commanded such a huge fee.

Early life and career

In 2013, after his release at age 14, he joined the academy of West Ham United after a trial period in the spring. West Ham United Academy coach Trevor Bumstead stated it was Rice's determination and persistence that helped him break through the ranks at West Ham.

Kretinsky spent around £160million in November 2021 to secure 27 per cent of West Ham, installing him as the club's second-largest shareholder after David Sullivan's 38.8 per cent.

How much is transfer fee international? ›

Domestic outgoing wire transfer fees typically range from $0 to $35, while international outgoing wire transfer fees are usually $35-50.

Declan Rice Net Worth 2024: $30 Million

His affiliation with esteemed companies like Adidas demonstrates his expanding impact outside of sports, as he uses his substantial social media following to promote goods and increase brand awareness.

Declan Rice's transfer from West Ham United is Arsenal's record transfer fee paid for a player, the England international joined the club on 15 July 2023 for £100m, with another £5m in additional bonuses.

The Premier League runners-up agreed a fee for Rice worth £100 million ($131m) plus £5m ($6.5m) in add-ons, sources told ESPN. The amount easily eclipses Arsenal's previous record fee -- the £72m paid to sign Nicolas Pepe from Lille in 2019.

WHAT RICE SAID. "This project seemed more exciting and that's why I chose to come to Arsenal, because I believe we're on to big things here," Rice explained. On the rivalry that developed with Rodri now that they have remained opponents instead of team-mates, he added: "I enjoy it. We're different players, I feel.

We wanted to build our team around him and made a series of improved, long-term contract offers to secure his future. “However, once Declan made it clear that he wished to move on and seek a new challenge, the club felt it would not be right to stand in his way, acting in the best interests of West Ham United.”

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Benfica weren't keen on selling Fernandez at first, but when Chelsea offered a staggering €121 million transfer fee in January 2023, the offer was too much to refuse, and the Portuguese side decided to cash in.

According to Capology, Arsenal spend £3,298,000 per week on players this season. The most money is believed to be spent on Kai Havertz, who currently rakes in £280,000 per week at the Emirates Stadium. Currently, this appears to be money well spent, as the German has hit form at a crucial point in the season.

Their £208m expenditure eclipses the £156.8m spent in the summer of 2021, when Arsenal brought in six players including Ben White (£50m), Martin Odegaard (£34m) and Aaron Ramsdale (£30m).