Tuesday 20 March 2018

Mendes to pocket £7m from City's Ederson deal

Portuguese football agent Jorge Mendes. Photo: Getty
Portuguese football agent Jorge Mendes. Photo: Getty

James Ducker

Jorge Mendes' agency will take a £7m cut of the £34.8m transfer fee that Manchester City have paid for Benfica's Brazilian goalkeeper Ederson.

While City announced yesterday that Yaya Toure had signed a 12-month contract extension, the FA was busy scrutinising the Ederson deal to ensure all issues around the player's third-party ownership have been resolved before ratifying the transfer.

Benfica have confirmed the transfer but it is awaiting the FA's sign-off. Fifa banned third-party ownership in May 2015 but ruled that "existing arrangements can remain in place until their ordinary contractual expiry".

Under the terms of Ederson's prospective move to City, Benfica will receive 50pc of the fee (£17.4m) - with 30pc (£10.4m) going to Rio Ave, the player's former club. The remaining £7m will be paid to GestiFute, the firm run by Mendes, the world's most powerful football agent, who owned 20pc of Ederson's economic rights.

Irish Independent

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