If you believe a lot of whats being said in France then Arsenal didn't make a bid to Monaco at all and why would you if you didn't get agreement from the player.
They've took the piss and now have a player who has stated his wish to leave, won't sign a new contract, will be well fucked off, have a split dressing room, a power usurped manager, a fan base that will turn on the player at every sub standard performance of which there will be many and they are reportedly "Delighted" Sanchez is staying. Oh well done!
Walks for free next year, talk about cutting off your nose to spite your face to the tune of 60 million, incredulous, they should be shot for business incompetence. So Sanchez, Ozil, Ox, Mustaphi, and Walcott and others if you believe some of the stories all want out. Will make for a beautiful decent into mediocrity. You can't buy class apparently.