After the departure of traitor Van Persie, the latest contract saga is the one that involves Theo Walcott who had refused to extend his contract which expires in a few months. It was reported in August that he rejected an improved offer as he wanted more than that amount but he later came out and said it wasn't all about money. He gave the reason for the delay in contract agreement as wanting the club to agree he would play as a striker and not a winger.
With the latest statement from the club Chairman, it now looks as if all Theo is after is the money and not what he earlier told the press.
Even though Arsene Wenger still has high hopes about him signing, Hill-Wood has maintained they would never break the bank to make him stay.
"We have got our general overall wage structure and we are not prepared to break it for anybody," Hill-Wood stated,
"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.
"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."
If both parties don't reach an agreement before the end of December, the club might be forced to sell him out in the January transfer windows.