sanchez had 2 years left on his contract, raya is out of contract avail for free end of this season
its hardly the same scenario
Sanchez isn't as good as Raya, by a long shot. He's also massively out of favour at Brighton and they want rid of him. We'd love to Raya to stay, so yes it is a different scenario.
The out of contract at the end of the season thing means different things to different clubs. To Arsenal it means they think they can get him on the cheap, for us it's an opportunity not to get shoved around.
This is the point that's not occurred to Arsenal fans yet seeing as they all think we should take a low offer - this is our first big sale since we got promoted. We only get one chance to set our stall out as a selling club in the Premier League. We value him at £40m. Accepting a cut price offer is giving out the message to any other clubs interested in our players that we can be pushed around on future transfers.
What's the better scenario - sell him half price for £20m because he's got a year left, way below our own valuation. But then have that transfer impact all our other big sales from now on. Or to reject it, miss out on £20m, keep one of the best keepers in the league for another season to provide competition and ensure we get top dollar for future sales? The latter sees us lose £20m in the short term but make loads more in the long run. We can afford to lose £20m, now we're on Prem revenues, if it means higher transfer fees in the future.
This time next summer we'll be getting bids for Ivan Toney, whilst the club are also expecting big interest in Mbuemo and Hickey. Three very valuable players. Best to face next summer in a strong transfer negotiating position with other teams knowing we won't get pushed around, than to sell Raya on the cheap. That's the club's position on it. Buy early, sell late.