Geordie Blade
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You've got your maths a bit twisted there. The sell-on will be a percentage - for instance if the sell on is 25% and he's sold for £4m City would get £1m.
Combined with the buy-back clause, this means that if he's sold to City for £4m they will actually pay only £3m. If they then sell him for £6 they've made £3m profit, less fees.
I meant if we sold him to someone else for £6m, they (Man City) would get £1.5m. I assume their buy back fee (e.g. £4m) would already account for the sell-on bit, so my maths was spot on!
