I may be wrong here but if you or more or less around (even a little less) than arsenals bid - you will win the race as you can structure it much better than Arsenal.
A big thing for us is we need liquid funds to buy players this summer so having a fee payable over 4/5 years is no good to us. It is also the add ons, I would think Sullivan thinks add ons are more achievable at city then what arsenal will offer. Personally I’m thrilled you have made a bid, I was fearing it was all paper talk to get arsenal to pay up but now it looks like we will get the money we need to invest properly this summer