Brief: FC Porto Agrees Definitive Acquisition Of Samuel Omorodion With Atletico Madrid

Futebol Clube do Porto Futebol SAD

26/08/2024 06:40

Aug 26 (Reuters) - Futebol Clube do Porto Futebol SAD
 FCPP.LS :
    * SAID ON FRIDAY IT REACHED AGREEMENT WITH ATLETICO MADRID
FOR
DEFINITIVE ACQUISITION OF PLAYER SAMUEL OMORODION
    * ACQUISITION OF SPORTING REGISTRATION RIGHTS AND 50% OF
ECONOMIC
RIGHTS
    * DEAL FOR 15 MILLION EUROS 
    * FC PORTO TO HOLD TWO NON-BINDING OPTIONS TO BUY ADDITIONAL
15%
OF PLAYER'S ECONOMIC RIGHTS FOR 5 MILLION EUROS EACH, TO BE
EXERCISED UNTIL JULY 2025 AND JULY 2026
    * THIS MEANS IT COULD HOLD 80% OF ECONOMIC RIGHTS FOR FIXED
SUM OF
25 MILLION EUROS
    * CONTRACT WITH PLAYER VALID FOR FIVE SEASONS, I.E. UNTIL
JUNE 30,
2029 WITH AGREED TERMINATION CLAUSE OF 100 MILLION EUROS
    * ATLETICO MADRID TO ASSUME RESPONSIBILITY WITH SOLIDARITY
MECHANISM OWED TO THIRD PARTIES
    * FC PORTO TO BEAR CHARGES FOR INTERMEDIATION SERVICES OF 1
MILLION EUROS

        
 Source text: https://tinyurl.com/2rwht728
 Further company coverage:  FCPP.LS  

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