Arsenal Write Off £5.5million over Transfer Flop Park

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Arsenal Write Off £5.5million over Transfer Flop Park
Julian Finney/Getty Images

Arsenal have written off £5.5m in their accounts to cover the wages of transfer flop Park Ju-Young. The South Korean arrived on deadline day in the summer of 2011 but barely featured in Arsene Wenger's first-team. And despite having been sent on loan to Celta Vigo, the club have put a £5.5m 'impairment fee' in their recently published set of accounts, writing off the value of one player.

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