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Take it or Leave it: Arsenal are unwilling to bend wage structure for Walcott

Arsenal have issued a warning to Theo Walcott.

The England international is in the final year of his contract at the Emirates Stadium, and he has rejected an initial offer to sign fresh terms. Walcott insists he wants to stay with the Gunners, though, and claims the issue which is stopping him from penning a new deal is in relation to his role on the field rather than his bank balance.

Talks are ongoing in an attempt to resolve the issue before the transfer window reopens in January, when a number of clubs from home and abroad would willingly fork out for the 23-year-old. But if Walcott believes this could tempt Arsenal to offer him a bigger contract to pacify any concerns he may have, he will have to think again.

"We have got our general overall wage structure and we are not prepared to break it for anybody," chairman Peter Hill-Wood told the Daily Star. "We have made an offer which he didn't think was acceptable and that is the end of it. We think it is a very reasonable offer. For the moment his people are still talking to us and we hope it will be resolved.

“But don't ask me when, because I haven't a clue. I hope that he will eventually come round and sign. It will be a pity if he does not, but the whole issue of pay for footballers has got totally out of hand and they don't get terribly well advised a lot of the time."

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