Besides winning four Premier League titles in a row, Manchester City has also earned the reputation of being England’s most financially viable club. Last season, the Sky Blues posted a record profit north of $80 million. The club’s unmatched transfer policy is one reason its financials remain steady. Speaking of City’s transfer policy, Pep Guardiola and Co. just received a $10 million cash injection, courtesy of Douglas Luiz- a player they sold to Aston Villa in 2019. Interestingly, Luiz is not the first long-departed player to boost the Sky Blues financially.
In a move to meet the Premier League’s accounting deadline, Aston Villa sold their key midfielder Douglas Luiz to Italian powerhouse Juventus for a $52 million fee. Thanks to the 20% sell-on clause attached to Luiz, his former club City is now eligible to receive $10 million from Aston Villa, according to Manchester World.
As per the sell-on clause rule, a club selling a player is eligible for compensation from their buyer if the purchasing club sells the player to a third club. Hence City is now enjoying the financial boost from Douglas Luiz’s 2019 move to Aston Villa.
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This cash injection is vital to Pep Guardiola and Co., considering they will go bullish on major players in the summer transfer window. Big names such as Bruno Guimaraes, with a $102 million price tag, are notably on City’s radar. Though the Cityzens are reluctant to spend that heavily on Guimaraes, this latest cash injection might prompt them to take a U-turn. Regarding financial boosts, Guardiola’s team has previously profited from selling past players, including one this year.
Manchester City could register north of $30 million from the sale of former players this season
If Douglas Luiz’s sale to Aston Villa-Juventus deal helped Manchester City raise $10 million, former player Taylor Harwood-Bellis’s deal helped them rake double this summer. City had loaned Harwood-Bellis to Southampton, and he joined the recently promoted side on a permanent deal, helping Guardiola and Co. raise $22 million. Besides, City earned $4 million from another Aston Villa deal after Middlesbrough United sold their former player Morgan Rogers to Villa this January.
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Similarly, Manchester City’s former youth player James Trafford is expected to leave Burnley and join Newcastle United this transfer window. This means City is eligible for a reward north of $5 million, thanks to the sell-in clause on Trafford. Hence, Guardiola and Co. can conveniently raise more than $30 million this transfer season, solely because their buyers sold their former players to a third club. Therefore, the current English champions are not hesitant to spend lavishly in the transfer market.