According to Arsenal’s technical director Edu, Reddit traders were to blame for driving up Pepe’s eye-watering price tag.
The Ivorian winger was acquired from Lille in 2019 for a staggering £72m, a move which raised eyebrows within the football community and even amongst Arsenal’s own board, who launched an internal investigation into his signing late last year. His lacklustre performances since have done little to alleviate their concerns, and the club are increasingly worried about the possibility of recouping their fee. Edu has told them to hold the line.
Edu didn’t clarify whether the Redditor theory was a result of the club’s internal investigation, or merely a chance to deflect blame and capitalise on this week’s Wall Street drama.
How Reddit traders could have achieved such a goal is not yet apparent. Some say they formed a 3rd party ownership group, while sources close to the club claim members of r/WallStreetBets bought millions of Pepe shares on Football Index, sending his valuation skyrocketing.
Edu’s comments, while tough to believe, have also raised questions about other stars’ exorbitant transfer fees, with fans asking if Reddit traders helped inflate the fees of Harry Maguire, Kepa Arrizabalaga, and even Willian who joined Arsenal on a free last summer.
Whatever the truth of the situation, as long as Pepe’s playing in red, it’s unlikely Arsenal will be going #ToTheMoon