Man City due money bonus from Celtic gratitude to sell-on provision embedded into Jeremie Frimpong bargain
Man City are set to benefit from Jeremie Frimpong’s transition to Bayer Leverkusen in the wake of embeddings a sell-on proviso when he finished paperwork for Celtic in September 2019.
The 20-year-old right-back is perceived to have joined the Bundesliga side for an expense in the area of £11.5million.
The Dutchman has put pen-to-paper on a four-and-a-half year manage Leverkusen, a lot to Neil Lennon’s objection.
Gotten some information about Frimpong’s takeoff, the Celtic manager said: “Indeed, I feel a piece let down in light of the fact that we believed we could advance him further and we offered him another arrangement which would have kept him here for another a few years yet it was down to the player’s very own desire.
“Regardless of whether that is the correct path for him stays not yet clear. As far as we might be concerned, however, from a business perspective – and perhaps from a footballing perspective too – when a player’s psyche is set like that it’s hard to bring him back round.
“It didn’t come as an amazement by any means. This has been in the offing for the recent months.
“We offered the player talks for another arrangement a couple of months back yet he declined and clarified that he needed to leave, regardless of our earnest attempts to keep him.”
Frimpong withdraws Celtic Park only 16 months subsequent to showing up from the Premier League side for an underlying charge of £350,000 in addition to additional items.
Considering City’s 30% sell-on condition, Celtic should in any case be left with a benefit of generally £6.3m.