Real Madrid will have to pay additional fees for Endrick's transfer

Football news 13 july 2024, 16:27
Alex Olise Alex Olise Dailysports's expert Translated by the editors
Real Madrid will have to pay additional fees for Endrick's transfer Photo: x.com/Dotmannotquraja

Endrick will officially become a Real Madrid player on July 21 when he turns 18. Real Madrid reached an agreement with Palmeiras for the transfer of the forward on December 15, 2022, but it will only come into effect after he reaches adulthood. The agreement spans three seasons, the maximum allowed for underage players under FIFA rules.

Real Madrid has not yet announced the date of Endrick's presentation, but it is expected to take place on July 26, two days before the end of his vacation following his participation in the Copa America. On that day, the player will sign a new contract with the "Los Blancos" until 2029 and will join the team's training sessions to embark on a tour of the United States.

Real Madrid reached an agreement with Palmeiras for €35 million fixed plus €25 million in bonuses. This amount will be further increased by taxes, estimated by Marca to be approximately €12 million. The total deal will amount to around €72 million, in addition to the player's salary, which will not exceed €10 million per year in the first two seasons.

Interestingly, Palmeiras is starting to earn from the transfer thanks to achievement bonuses agreed upon with Real Madrid. The club set a bonus of €2.5 million for goals scored during his time with the Brazilian team, totaling €5 million for 20 goals scored since the agreement was reached. Additionally, Palmeiras will receive €1.25 million for the player's participation in the Copa America with the Brazilian national team.

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