Spanish side Celta Vigo are celebrating Jorgen Strand Larsen’s move to Crystal Palace on deadline day, as they’re set to pocket a tidy profit themselves.
That’s according to El Desmarque. The website covers how the Spanish club are set to benefit from FIFA’s Solidarity Scheme.
Larsen joined Crystal Palace on deadline day of the January transfer window on Monday. Palace ‘broke the bank’ to sign the striker from Wolverhampton Wanderers in a €50m plus addons deal.
Celta Vigo are celebrating that fact, after already pocketing €27m plus €3m for him when they sold him to Wolves permanently last year. Now they’ll receive a ‘significant portion’ of the deal taking him to Crystal Palace.
Unfortunately, that won’t come from a percentage on future sale. They failed to negotiate such a clause with Wolves in 2024 as they were desperate to sell the striker at the tie. They needed the money to balance their books and the deal agreed with Wolves was seen as ‘advantageous’.
Any percentage would have represented a significant financial boost this year. Instead, they’ll have to take what they’ll get from FIFA’s Solidarity Scheme.
Training clubs receive various percentages of future deals and in this regard, Celta will get 0.50%. That will see them pocket around €250,000. That could increase too if various bonuses are reached.
That’s a ‘windfall’ that Celta really need. It will be put to good use, reducing their obligation to sell players before June 30th to balance their budget. They could have been earning much more, though, if only they’d negotiated a sell-on clause back in 2024.