Manchester United will receive money from the transferplaceholder image
Manchester United will receive money from the transfer | Getty Images
Man Utd had the option to buy back a former player in the summer transfer window.
Manchester United will not exercise their option to buy back Álvaro Fernandez Carreras in the summer transfer window, with the former defender poised to join Real Madrid.
Benfica paid United an initial €6 million plus a further €3 million in potential add-ons when they signed Carreras permanently last summer. It appeared to be a fairly low fee for a player of such potential, but United protected their interests when they negotiated a large sell-on clause and a buy-back option into the deal.
United had until next summer to activate their buy-back option for £16 million but will lose that option when he completes his move to Real Madrid. It isn't all bad news though, and United will still receive a financial boost from the sell-on clause they included in the deal, which will provide Ruben Amorim with some extra funds as they look to seal a deal for Brentford ace Bryan Mbeumo.
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How much Manchester United will make from Álvaro Fernandez Carreras
Álvaro Fernandez Carreras has been heavily linked with a move to Real Madrid all summer but his move to the Spanish giants was delayed due to their involvement in the revamped Club World Cup. It is no surprise to hear a deal is now close in the wake of their heavy midweek defeat to Paris Saint-Germain in the semi-finals.
Taking to social media on Thursday night, Fabrizio Romano finally uttered his famous 'here we go' catchphrase to indicate a deal was now all but official. "Álvaro Carreras to Real Madrid, here we go! Verbal agreement in place between Real and Benfica," the transfer guru wrote. "Real negotiated to pay €50m (£43m) in multiple installments instead of one-payment clause. As soon as Man Utd confirm they don’t activate buy back clause, Álvaro will travel."
Manchester United are set to benefit from the deal after they included a sell-on clause in his original sale a year ago. It is understood United will receive 20% of the profit Benfica make on the deal, though clarity on the final financial package is required before that can be calculated.
The sell-on clause will only be based on the guaranteed transfer fee and will not take into consideration potential add-ons. If Benfica are certain to eventually receive €50m, then United would earn a share of €44m when you subtract his initial cost last summer. In that case it would equate to €8.8m or roughly £7.59m.
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