Report: PSG take 50% of profit on any Celtic Odsonne Edouard sale
Paris Saint-Germain hold a 50% right to any profit Celtic make on the sale of Odsonne Edouard, The Daily Record has reported.
The outlet cites sources close to negotiations of Edouard’s permanent move to the Bhoys back in 2018 after a successful loan spell.
Celtic retain the ability to recoup the full £9m paid for him at the time, but any profit above and beyond that will be split down the middle with PSG.
The Bhoys can of course look to negotiate a sell-on fee of their own with any potential buyer this summer.
Frontrunners for his signature include Leicester City, with former boss Brendan Rodgers said to remain a huge admirer of the striker.
The £5.5m scenario
It means that if Celtic sell Edouard to the Foxes for a price as high as £20m, said to be the Bhoys’ asking price, around £5.5m of would go straight out of the club this summer.
In our circles, that’s potentially a quality player.
Suddenly the potential boon of raking in money for Edouard after developing and improving him isn’t so great. Ultimately it will mean less money in the transfer kitty this summer than some fans were expecting.
If the reports are accurate then Celtic will obviously have known about it all along, so there’ll be no surprises behind the scenes.
Eddie Howe is said to be on his way into the club, with only red tape holding the move up, and he’ll need as much money as is possibly available to rebuild an ailing squad. [Daily Record]
Looking at our numbers, around eight to ten first-team quality players need to arrive at Celtic Park on loan or on a permanent basis.
Every penny will count.
In other news, 67 Hail Hail have been speaking to Celtic FC Women manager Fran Alonso about their title race.