Spurs to lose less than £9m on Soldado
Everyone has now caught up with the fact Roberto Soldado is going to join Villarreal but the amazing part of the deal is the limiting of thr loss on him.
Tottenham are reported to be selling Soldado to Villarreal for £11.98 million (€17m) +add-ons. He cost €30m which at the time was £26.22m, with €3m of add-ons included in that fee. Those are unlikely to have been activated so he has cost the club £23.56m (€27m).
There was an initial payment when he was signed and another instalment payment last summer. Valencia had wanted the whole payment upfront and then in two payments but had to settle for an upfront figure with three equal payments for the next three years to make up the €27m figure.
With a €13m initial fee and three further payments of €4m for three years, the total of €27m is reached. The exchange rates have changed since we did the original deal in Euros so we benefit from a better rate now hence the differing pound amounts for the same €4m figures below.
Year 1 - €13m = £11.36m
Year 2 - €4m = £3.19m
Year 3 - €4m = £2.82m
Year 4 - €4m = £2.82m (assuming todays rates)
Total Fee - €27m = £20. 99m
Roberto Soldado will have cost us approximately £21m then and we are going to get £12m plus some add-ons back for a player who basically failed to score anything but penalties. We'll be making a loss of less than a £9m on the Spaniard.
Further Tottenham Reading
Spurs need to solve their motivation problem
You can help support THBN by buying your sporting goods through the following links.
If you need football boots for the new season try the SALE NOW ON at Lovell Soccer
If you need a new Tottenham shirt or sportswear try Kitbag Ltd
If you want an authentic autographed shirt or memorabilia try Icons
Tottenham are reported to be selling Soldado to Villarreal for £11.98 million (€17m) +add-ons. He cost €30m which at the time was £26.22m, with €3m of add-ons included in that fee. Those are unlikely to have been activated so he has cost the club £23.56m (€27m).
There was an initial payment when he was signed and another instalment payment last summer. Valencia had wanted the whole payment upfront and then in two payments but had to settle for an upfront figure with three equal payments for the next three years to make up the €27m figure.
With a €13m initial fee and three further payments of €4m for three years, the total of €27m is reached. The exchange rates have changed since we did the original deal in Euros so we benefit from a better rate now hence the differing pound amounts for the same €4m figures below.
Year 1 - €13m = £11.36m
Year 2 - €4m = £3.19m
Year 3 - €4m = £2.82m
Year 4 - €4m = £2.82m (assuming todays rates)
Total Fee - €27m = £20. 99m
Roberto Soldado will have cost us approximately £21m then and we are going to get £12m plus some add-ons back for a player who basically failed to score anything but penalties. We'll be making a loss of less than a £9m on the Spaniard.
Further Tottenham Reading
Spurs need to solve their motivation problem
Can Spurs create another Gareth Bale?
A motivated team is a successful team - so the club should be doing more
A motivated team is a successful team - so the club should be doing more
You can help support THBN by buying your sporting goods through the following links.
If you need football boots for the new season try the SALE NOW ON at Lovell Soccer
If you need a new Tottenham shirt or sportswear try Kitbag Ltd
If you want an authentic autographed shirt or memorabilia try Icons
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