Manchester United will pay Juventus an initial €15million for the transfer of Cristiano Ronaldo as part of a deal which could rise to €23million.
The Italian club released an official club statement on transfer deadline day, which confirmed the imminent departure of the Portuguese forward, along with the financial details of the deal.
United will pay the €15million transfer fee for Ronaldo over the course of five years with the additional €8million payable upon activating a number of performance related add-ons.
An official club statement read: “Juventus Football Club S.p.A. announces that an agreement with Manchester United FC Ltd for the definitive disposal of the registration rights of the player Dos Santos Aveiro Cristiano Ronaldo has been reached for a consideration of € 15.0 million payable in five financial years, which might be increased, up to a maximum of €8.0 million, upon achievement of specific performance objectives over the duration of the employment contract with the player.
“This operation generates a negative economic impact of approximately € 14.0 million on the 2020/2021 financial year due to the partial write-down of the net book value of the player’s registration rights.”
Ronaldo underwent a medical over the weekend in Lisbon and has put pen to paper on a two-year deal with the club, with the option of a third year.
The 36-year-old is expected to make his second debut for the club on September 11th against Newcastle after United make a formal transfer announcement of their own today (deadline day).