Arsenal transfers: David Luiz was a £7.8m bargain but Gunners missed out on £19m for Alex Iwobi

Arsenal undersold Alex Iwobi by almost £19million, but managed to get David Luiz for a fraction of his real value, according to new data published by a UK-based investment company.

London-based Carteret Analytics believes Nigerian winger Iwobi had a value close to £46.3m – but Arsenal were willing to deal with Everton for only £27.4m.

Meanwhile, the experienced central defender David Luiz arrived at the Emirates Stadium for a mere £7.8m – four-and-a-half times below his actual value of £34.8m.

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The worth of both players was calculated based on their ‘intrinsic value’ – “a calculated fee based on performances for the selling club and the projected impact on the buying club, as well as taking into consideration their prime age.”

As the BBC explains, “By assessing the…