Newsletter

Get your daily update and weekly newsletter by signing up today!

News

Exclusive – Two French Clubs Entitled To Cut Of Cabaye Transfer Fee

7 years ago
Share

It has now emerged that Newcastle United will not receive all of the Yohan Cabaye transfer fee.

The rules in France mean that two French clubs, as well as Newcastle United, are to get a windfall from Cabaye’s big move to PSG.

While United will get most of the cash, 5% will be shared between the two clubs who developed him as a player.

Minnows Tourcoing are in line for around 60,000 Euros, while Lille will pocket more than 1m Euros.

Here is how Footmercato reported it;

LOSC and Tourcoing Are Rubbing Their Hands

‘In a few hours Cabaye will sign at PSG for something near 25m Euros. A large amount of money for a 28 year old player. Most of the money will go to Newcastle who will make a nice profit of around 20 M€.

But Tourcoing and LOSC have gained too. The 2 northern clubs will get around 5 % of the transfer due to a system put in place in the last 10 years that allows the developing clubs who transfer a player between 12 and 23 years old to share 5% of the transfer.

In real terms, Tourcoing should recoup 60 000 Euros (in other words 12 % of their club annual budget) according to the programme 20 Minutes who contacted the president of the Tourcoing club. As for  LOSC, they will collect more than 1 million Euros for transferring their talented player. Nice to see that for once a small club will get some great news for a change.’


Share

If you would like to feature on The Mag, submit your article to [email protected]

Have your say

© 2021 The Mag. All Rights Reserved. Design & Build by Mediaworks