Tottenham Hotspur hopes to complete a very complicated deal with Portugal Sports, according to an exclusive report by Portuguese Morning Post reporter Jo ã o Moniz.
Tottenham hope to sign Portuguese sports right-winger Pedro Polo and hope to use the “ownership” of England player Marcus Edwards to reduce the cash price of the deal.
To put it simply, it goes like this:
Polo’s termination fee is 45 million euros, which Tottenham are not willing to pay.
When Portugal Sports bought Polo for 8.5 million after a two-year loan, Manchester City retained a 30 per cent second transfer clause, in other words, as long as Portugal sold more than 10 million euros for every 1 million, only 700000 of Portugal’s own pocket income, 300000 to Manchester City.
Tottenham hope to offset the price with the ownership of Marcus Edwards. Portugal bought 50 per cent for 7.5 million euros and the remaining 50 per cent belonged to Tottenham.
According to Transfermarkt’s valuation of Edwards at 25 million euros, this part is worth 12.5 million euros. If the termination payment clause of 50 million euros is taken into account, its value will rise to 25 million euros.
In other words, as long as Tottenham agree to give up the 50 per cent stake, Portugal will get some income in disguise, which is also Tottenham’s calculation. If Portugal reduces its asking price to 30 million, then Tottenham are effectively swapping Polo for almost equivalent ownership.