Chelsea owe £71M for Lukaku signing – though not to Inter Milan

Cash-strapped Chelsea still owe Inter Milan £71m for last summer’s signing of Romelu Lukaku.

Lukaku headed back to Stamford Bridge for a fee worth £95million last summer, but The Sun are reporting that Chelsea planned to pay it in a series of instalments over 12 months, says the Chelsea-owe-Inter-Milan-71million-summers-club-record-transfer.html” target=”_blank”>Daily Mail.

While the Blues refused to comment on the details of the deal, Inter released documents in public when they were forced to refinance their huge debts last year.

Those documents show that the Italian club are not due to receive the full transfer fee until later this year, however it will not come directly from Chelsea.

The deal to bring Lukaku back to west London appears to have been split into five instalments worth around £20million each.

Chelsea paid the initial instalment, yet Inter then arranged a forward-funding agreement with an unnamed financial institution to receive more money sooner.

The arrangement is common practice for football clubs like Inter, who were dealing with a financial crisis last summer.

As part of the deal, Chelsea would then pay the remaining instalments to the institution instead of Inter.

The Serie A champions had received £18.4million from the institution by September 2021, with almost £71million to come over the next year.

Need a VPN? Or seeking to switch? Then support Tribal Football by clicking here to sign up with our official partners NordVPN. Not only will you receive the best VPN experience, but also great discounts by signing up via Tribal Football. Thanks for your support!

Source link

Related Articles

[td_block_social_counter facebook="tagdiv" twitter="tagdivofficial" youtube="tagdiv" style="style8 td-social-boxed td-social-font-icons" tdc_css="eyJhbGwiOnsibWFyZ2luLWJvdHRvbSI6IjM4IiwiZGlzcGxheSI6IiJ9LCJwb3J0cmFpdCI6eyJtYXJnaW4tYm90dG9tIjoiMzAiLCJkaXNwbGF5IjoiIn0sInBvcnRyYWl0X21heF93aWR0aCI6MTAxOCwicG9ydHJhaXRfbWluX3dpZHRoIjo3Njh9" custom_title="Stay Connected" block_template_id="td_block_template_8" f_header_font_family="712" f_header_font_transform="uppercase" f_header_font_weight="500" f_header_font_size="17" border_color="#dd3333"]

Latest Articles