Giovanni Lo Celso transfer: How Spurs and Real Betis combined to trick PSG out of millions

Giovanni Lo Celso joined Tottenham on a permanent deal on Tuesday. It was announced right after the departure of Christian Eriksen to Inter Milan. The Argentinian joined Spurs from Real Betis on an initial loan deal during the summer and has impressed in the limited opportunities that he has been given under Mauricio Pochettino and Jose Mourinho. An interesting report in Cartilage Free Captain states that Tottenham and Real Betis combined to rob PSG of millions.

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How Tottenham and Real Betis combined to rob PSG of a few million euros

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Giovanni Lo Celso joined Real Betis from PSG in April 2019. It was a deal worth a reported €22 million. His contract ran until 2023. PSG retained a sell-on clause of 20 percent. It meant that they would be entitled to 20 per cent of the profits received by Los Verdiblancos for any deal involving Lo Celso. Tottenham paid approximately €48 million for Lo Celso in two installments. Spurs paid a substantial loan fee of €16 million in the summer but the PSG sell-on clause was not applicable on that deal.  They paid an additional figure €32 million figure to sign Lo Celso permanently. This meant that PSG just made a profit of €2 million from the Giovanni Lo Celso deal. If Spurs would have paid the €48 million in full, PSG would have made almost €5.2 as part of the sell-on clause.

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