Real Madrid News
Details of Endrick’s move to Real Madrid: €35m fixed fee, €2m salary, Golden Boy clause
Last week, reports emerged claiming that Real Madrid have practically closed the signing of Brazilian wonderkid Endrick from Palmeiras.
It was reported that Los Blancos had met the 16-year-old sensation’s €60 million release clause while they would also be paying an additional €12 million in tax commissions to land the young striker from the Brazilian club.
However, a fresh report from AS has now shed light on the details of the transfer agreement between Real Madrid and Palmeiras.
As per the report, Los Merengues will be meeting the €60 million release clause amount but as a fixed plus add-on pay arrangement.
Real Madrid have agreed to shell out a fixed fee of €35 million for the signing of Endrick with an additional €25 million included as bonuses based on the player meeting various performance-related objectives that are not easy to achieve.
Indeed, the report indicates that the agreement for bonuses includes clauses like Endrick winning the Golden Boy award, number of appearances made, number of goals scored and the titles he will win at the Spanish capital club.
Sources involved in the negotiations have told AS: “If Madrid manages to pay the €60 million it is because Endrick is worth at least €300 million.”
The report indicates that the agreement between all parties is complete but is yet to be made official due to bureaucratic issues. It will be registered on the FIFA TMS soon but will only become effective in 2024, when Endrick turns 18.
As for the contract details that the 16-year-old has agreed, the Brazilian prodigy will only be signing a three-year contract until 2027 as FIFA does not permit a longer deal for under-age players. However, there is an option for a further three-year extension until 2030 included.
Endrick will be earning a salary of €2 million per year gross for that duration, although there will be small increments with each passing season – similar to what Vinicius Jr had signed when he joined Real Madrid.
Apart from the fee being paid to Palmeiras, the Merengues will also be shelling out a signing-on bonus to the player, the value of which is undisclosed at this moment. Furthermore, the player and the club will share 50% of his image rights after he officially joins the club in 2024.
It is no secret that clubs like Chelsea, PSG and Barcelona were also in the hunt to sign Endrick. However, the youngster’s will to join Real Madrid played a key role in the Merengues’ clinching the deal, while talent-spotter Juni Calafat is also said to have had a huge hand.
Endrick is likely to arrive in Madrid to complete his medical sometime this week, following which the transfer will be made official, possibly before the World Cup is over.
Real Madrid News
Harry Kane ‘very close’ to completing Real Madrid move, only final details remain – report
Jude Bellingham’s move to Real Madrid was finally closed earlier today as officially confirmed by Borussia Dortmund on their website. Yet, the offices at Santiago Bernabeu have not even taken a break to celebrate their success.
According to reports from Alfredo Pedullà, Los Blancos are now completely focused on the acquisition of Harry Kane. The English striker’s arrival is very close to approaching closure and only a few details remain to be sorted.
The Real Madrid and Tottenham Hotspur representatives reportedly held a meeting today over the striker’s transfer. The agenda was to agree on a number for the transfer fee.
The Premier League side began the proceedings with an expectation of €100 to €110 million in exchange for Kane. However, the Merengues suggested a lower point at €80 to €90 million, albeit with the option to include bonuses.
There is not much separating the two parties at the moment, and the minor gap will be bridged in the coming days. Overall, the meeting ended with a broad understanding between the two clubs.
Carlo Ancelotti sees the English striker as the centre-piece of his attack for next season given the recent departure of Karim Benzema. After all, Kane has been one of football’s most consistent goalscorers over the past decade.
Yet, Los Blancos cannot afford to let their guard down with one signing and will need to rope in at least two more names in attack to serve as backup options. The exits of Mariano Diaz, Marco Asensio, and Eden Hazard leave them with no squad depth, after all.
Kane has scored 30, 17, and 23 goals in his last three seasons in the Premier League and is the epitome of consistency. Further, he had three assists in his most recent league season and created 14 big chances.