Madrid, Rayo cash in on Negredo

Alvaro Negredo’s former clubs Rayo Vallecano and Real Madrid will reportedly receive payment as part of his transfer from Sevilla to Manchester City.

The 27-year-old today completed a move to the Premier League outfit for a believed initial fee of €25m, to be followed by a further €3m in variables.

Marca report that as part of his 2009 transfer from Madrid to Sevilla, an agreement put in place hten between the clubs has now resulted in Los Blancos receiving a €4.4m payment.

This is based on the understanding that Madrid’s clause included in selling Negredo four years ago stipulated a 40 per cent windfall of any profit Sevilla made on his sale.

With the difference between Sevilla’s initial fee received now from City of €25m and the €14m they reportedly paid Madrid in 2009 standing at €11m, Los Merengues’ entitlement is believed to be €4.4m.

Meanwhile, Rayo Herald also report that Rayo Vallecano, who developed the player as a youth, are entitled through FIFA rules to a percentage share and that the club believe it stands at around €500,000.

Tags Manchester City Negredo