Leeds United add late penalty clause on £50m payment as Raphinha sale to Barcelona goes through
Leeds United have added a penalty clause to the deal that has seen Raphinha complete his move to Barcelona, Leeds Live reports.
A transfer that has been in the offing for months has finally now been completed, with the Brazilian unveiled at the Catalan club’s training ground on Friday (15 July).
Due to financial issues at the Camp Nou it appeared that they would not be able or willing to meet the Whites’ asking price, nor would they be prepared to pay up front as was required at Elland Road and Chelsea were ready to do.
At long last Leeds have agreed a deal that brings in the money they need and on time, while a late addition to the paperwork protects them if anything goes awry from the Catalans’ side.
Beren Cross writes in the Leeds Live report: “The La Liga giants have agreed to pay in excess of £50m in full and upfront to the Whites, with a further £5m subject to conditions being met.
“Leeds were adamant they wanted their fee in full before agreeing to the deal.
“Crucially, United have inserted a penalty clause into their contract with Barcelona which will force extra funds from the Spanish giants if they fail to pay up before an agreed date.”
In theory this is a smart move since nothing has been straight forward with the team from the Camp Nou, and they appeared to do everything they could to avoid paying the asking price for the 25-year-old.
They still didn’t match the offer from Stamford Bridge, but since it had become painfully clear that Raphinha only wanted to go to La Liga it is at least in the same ballpark.
But with Barcelona in major debt, yet still embarking on a lavish spending spree this summer [The Athletic] it is anyone’s guess as to what the next developments could be.
The penalty clause should protect the Whites against a sudden attempt to defer payment, something which appears to be an issue in terms of Frenkie de Jong’s wages now it looks like he might be leaving [talkSPORT].
At the same time, it might just leave United to join a queue of creditors should that happen, so whether it would actually force the extra cash to arrive in a timely manner will presumably depend on the exact wording of this contract and any number of others that the Blaugrana are already a part of.
If the payment schedule does not go according to plan it could lead to Joan Laporta’s club paying more like what many fans wanted for their former star.
But confidence can’t be especially high as to what will happen until the £50million, or any extra fees, are actually showing in the club’s bank account.
In other Leeds United news, the club may be losing ground on a controversial signing as talks spread to three European countries.