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Sanchez deal settled with £5m pay-out

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Alexis Sanchez. Photo: PA

Alexis Sanchez. Photo: PA

Alexis Sanchez. Photo: PA

Manchester United handed Alexis Sanchez a settlement of £5-£10 million (€5.5m-€11m) to help sweeten the Chile striker's move to Inter Milan.

It was confirmed yesterday that Sanchez had joined Inter on a free transfer after a season on loan with the Italian club. The 31-year-old has signed a three-year contract with the Nerazzurri worth £6.3m (€7m) annually after tax.

Sanchez would have stood to earn around £40m (€44m) from the final two years of his contract at Old Trafford even if he had not kicked a ball. But United and Sanchez agreed to effectively rip up that contract in return for the player receiving a pay-off to facilitate the switch to Inter.

A specific figure is expected to be detailed in the first quarter accounts for the 2020-'21 season - which will be released later in the year - but it is understood that the sum is between £5m and £10m.

Signed from Arsenal in an exchange deal with Henrikh Mkhitaryan in January 2018, Sanchez failed chronically to live up to expectations at Old Trafford and managed just three goals in 32 Premier League appearances, with his miserable spell at the club dogged by poor form and injuries.

Sanchez's time at United cost the club in excess of £40 million in wages, including the £175,000 a week they were contributing to his salary while on loan at Inter, with that enormous outlay further swollen by the final settlement bill.

© Daily Telegraph, London

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