Phil Hay: Leeds agree £10m deal for attacker joining on loan for 20/21 season
Leeds United have agreed a deal to take Man City attacker Jack Harrison back on another season-long loan but have had to negotiate a higher price for the option to make his deal permanent.
Leeds previously had an option to make Harrison’s deal permanent for a reported £8m [Manchester Evening News] but will now have to pay £10m if they want to sign him next summer.
Athletic journalist Phil Hay revealed in a fan Q&A that kicking the option down the road for another year will cost Leeds around £2m.
One fan asked: “Not Derby related, but is the price for Harrison still the same next summer(£8m)? Or is renegotiating the year extension also renegotiating a new higher price too? He’s performing better than an £8m player, and is 23, and English so would make sense from their perspective to increase it slightly. It appears extremely clever business if the price is the exact same.”
Hay responded saying, “No, it’s slightly higher. More in the region of £10m.”
Victor Orta had earlier confirmed the loan deal to Radio MARCA.
“A key player has been Jack Harrison, who will continue one more year with us in the Premier League,” Orta said.
“We have reached an agreement with City and we will continue to do so on loan next season.”
Some Leeds fans have been left a bit puzzled by this after fully expecting Leeds to take up the £8m option this summer.
There are reasons why Leeds would want to do the deal like this. It enables them to put off paying the fee to Man City for another year and it also gives them a chance to see how he performs in the Premier League.
The price hike from £8m to £10m is significant but not a massive rise, although we presume there will be a loan fee too.
Harrison has definitely been performing at a higher level than an £8m player and if he kicks on in the Premier League he’ll be a real bargain at £10m.
However, we would think that Harrison would prefer to have had his permanent deal rubber-stamped and it is a bit curious.
However, as Orta said, Leeds obviously see Harrison as a key player and we think this is more finance/accounts related than anything else.
Harrison should still become a permanent Leeds player but not for another 12 months.
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