Jeremie Frimpong’s transfer to Bayer Leverkusen in January came completely out of the blue. The Dutchman had improved drastically ever since moving to Celtic a couple of summers ago and was a regular in the first-team. Still just 20, it was believed that he would remain at Parkhead for at least a couple more seasons before moving.
A £11.5 million offer from Bayer Leverkusen was probably too good to turn down for Celtic though, who had signed Frimpong for just £300,000 from Manchester City.
And the youngster was probably happy enough to get the opportunity to move to a top Bundesliga side as well, where he will get a lot more exposure and perhaps the chance to play in the Champions League too, which has eluded the Hoops for the past three seasons.
But while that look a very impressive profit on paper, it will be slashed considerably due to the sell-on clause that Manchester City have in the youngster’s contract.
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Celtic will reportedly have to pay £3.45 million to Manchester City
As reported by the Football Insider, the Premier League giants have a 30% sell-on clause in the youngster’s contract. Thus, if the £11.5 million transfer fee that has been claimed in the media is indeed accurate, then that will mean that the Hoops will have to pay around £3.45 million to Manchester City.
Now, did Celtic allow Frimpong to leave too early? After all, he still had over two years left on his contract and could have developed into a better player, with age on his side. In that case, his transfer fee would have surely been much higher and probably rivalled what the club had received for Moussa Dembele or Kieran Tierney.
That is in the past now though and even after paying the sell-on fee, the Hoops pocketed a pretty significant profit which will hopefully go a long way in the summer when it comes to the club’s squad overhaul.