Manchester City is likely to get a massive eight-figure financial windfall as a result of the Tottenham move.
Tottenham Hotspur’s imminent purchase for Sporting Lisbon full-back Pedro Porro might net Manchester City a hefty financial profit.
Officials at the North London club have been keen on signing the Spain international for some weeks and are confident of reaching an agreement in the next 24 to 48 hours.
According to the most recent trustworthy information on the issue, provided by Fabrizio Romano, Tottenham is presently ‘tying up the remaining bits and pieces’ of a deal, with terms being the final stage as a €45 million transfer price for the player may be paid in three or four instalments.
Manchester City will almost probably have been keeping a close eye on this situation in recent days, given the Premier League champions have a financial stake in the transfer sum negotiated between Tottenham and Sporting Lisbon.
Pedro Porro left City for the Portuguese giants in May 2022, with City officials included a number of favorable stipulations in the sale because to the player’s high esteem in European football and his excellent potential in the game.
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Sporting had exercised a €8.5 million buy-option to capture the player on a permanent transfer from Manchester City at the time, with a €45 million release clause instantly included into the player’s new contract.
Manchester City, on the other hand, were shrewd enough to add a €20 million buy-back provision in case they wanted to sign the defender back at any point during his stay in Portugal. In addition, City incorporated a 30% sell-on option for anything beyond the €8.5 million he was sold for.
That means that from a €45 million trade between Tottenham and Sporting, City will profit by around €11 million.
This brings Manchester City’s total revenues from sell-on clauses this week to almost €15 million, after the confirmation of Ivan Ilic’s transfer from Hellas Verona to Olympique Marseille.
City incorporated a 25% sell-on option in that agreement, which would deduct around €4 million from the agreed-upon €15 million sum between the two teams.
The Premier League heavyweights are anticipated to have their own busy summer transfer market in the coming months, with a number of areas earmarked needing a refresh or additional improvement, including full-back and central midfield.