Nottingham Forest won’t be signing Arsenal striker Folarin Balogun this month. The youngster was on the City Ground radar but is now set to join Middlesbrough until the end of the campaign, Football London has claimed.
In a shocking revelation, Boro are set to take on Balogun’s eye-watering £40,000-a-week wage until the end of the campaign.
Forest had been keen to land the Arsenal gem. Steve Cooper has instead moved to bolster his ranks with the addition of Keinan Davis from Aston Villa.
On the face of things, that could be a good decision. Signing Balogun and taking on all of his wages for a five-month loan doesn’t scream astute business sense.
Forest have been burnt by similar deals in the past. In declining to take Balogun, the Reds have at least showcased that things can be different under Dane Murphy.
It’s a difficult situation with the Arsenal youngster. He’s clearly outgrown under-23 action but ultimately, he’s yet to play a game in the Championship.
Boro now have the task of trying to bring Balogun on. The Gunners will hope he becomes a regular in the team and scores plenty of goals during his temporary stint.
Chris Wilder’s men are nicely poised for a promotion push. Forest are further back and perhaps a deal for the Arsenal youngster is a risk Boro can afford to take.
Wise: Forest have done the right thing over Balogun
Although an element of risk is involved, Balogun is a good player. At this precise moment, however, Forest simply can’t justify a £40,000-a-week outlay on a temporary player.
Murphy is trying to change the guard at Forest and adopt a savvier approach. So far, he has done that and the signings of Davis and Steve Cook highlight such a strategy.
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Boro will see Balogun as a measured gamble and it’ll be intriguing to see how he goes at the Riverside Stadium.
It does seem an excessive outlay, along with a hefty agent fee, however. As a result, this is one race, Forest have done well to pull out of.