Jeremie Frimpong looks all but set for his Celtic departure, and the Hoops look set to make a tidy profit.
It’s a helluva fee for a player who only joined the club for £300k [BBC]. That came in a deal that brought him from Manchester City back in the summer.
Neil Lennon stated that the decision to sell Frimpong represented “good business” [Sky Sports]. But before the club goes patting itself on its back, we should remember the reported clause that caught everyone’s eye when he signed.
According to Manchester Evening News, Celtic will owe Man City 30% of any agreed fee. That means a huge chunk of any agreed figure for Frimpong will be eaten up by the English club.
The Record today claimed that any fee for Frimpong will go up to €13m (£11.4m). That would mean, in theory, that City take £3.42m of the money involved.
Jeremie Frimpong’s Celtic departure will likely see big chunk slashed off
That would shorten Celtic’s intake down to £7.98m. That would still be a whopping fee for a player we barely spent any money on. However, it’s not quite what we would’ve hoped to take in for him.
In fact, I’ll go as far as to say it’s flat out disappointing. This is a player who’s been tipped to be worth around £50m in the future [Scottish Sun]. It’s debatable as to whether his valuation would rise to that mark at any stage in his career. But the potential is there.
Celtic have never openly confirmed the 30% clause. It hasn’t been discussed by Peter Lawwell or Neil Lennon in the past. But this isn’t unusual practice. It’s not like the club to openly discuss clauses in player deals or player contracts.
And it’s not as if this was even a bad decision by the Celtic board either. Frimpong has proven to be worth every bit of the money and clauses sacrificed for him.
Even so, it’s a huge chunk expected to come off the Frimpong fee. And it really does put the deal into perspective. In terms of profitability, it’s another success story for the Celtic model.
But is this truly what we hoped we would sell the Dutchman for? Nah, we all hoped for more than this.