How much Celtic will need to pay PSG for Odsonne Edouard sale
Celtic finally decided to cash in on Odsonne Edouard last night, with PSG entitled to a meaty sum of the transfer.
Several outlets have in the past deemed that PSG have a 40% stake in any sale of the Frenchman over £9m. The Daily Mail first revealed it back in August 2020, whilst the likes of Sky Sports and the Daily Record also stated the same last night.
Sky Sports reported that Edouard’s move to the EPL side was completed to the tune of £14m. However, the deal could rise to £18.5m.
With the initial figure being £14m, that’s £5m over the £9m figure needed for PSG to claim their 40%. Therefore, they would be entitled to a 40% stake of that extra £5m. This means the French giants will initially be entitled to £2m of the transfer.
If the deal rises to £18.5m, they would be entitled to another 40% of that extra £4.5m. Meaning Celtic would have to provide them with another £1.8m.
In total then, Celtic may have to give PSG £3.8m should the transfer fee go up to its premium figure.
Celtic won’t lose out on a hefty figure to PSG after Odsonne Edouard departure
Some may have feared that PSG were entitled to 40% of the full transfer total. But that doesn’t appear to be the case. Simply, they seem to only be entitled to a stake in however much we went over the £9m fee by.
So Celtic won’t lose out massively to the French club here. We’ve still managed to rake in over £10m into the coffers. That’s a fine boost heading into the January transfer window.
Celtic will of course be hoping that Edouard meets the criteria for Palace to give us another few million somewhere down the line. But even then PSG are hardly crippling us with how much they’re entitled to.
It would’ve been a lot different had it been 40% of any transfer fee. That would’ve meant they were entitled to over £5m of last night’s agreement. That would’ve been crippling for the Hoops.
But we can look at the departure of Edouard with some satisfaction. This was clearly the best move for all parties at this stage, especially with the Frenchman’s dwindling form.
Now, here’s hoping the money is put to good use in January.