Sell-on clause threatens Modric move from Tottenham to Madrid
Luka Modric’s proposed move from Tottenham Hotspur to Real Madrid has stalled over a clause relating to the Croatian’s move from Dinamo Zagreb to White Hart Lane in 2008, the London Evening Standard has reported.
Modric joined Spurs in a £16.6m deal and Dinamo insisted upon a five per cent sell-on clause as part of the transfer. That would entitle the club to a portion of the fee received should Modric move on and the Standard claims this obligation is why the move has not yet gone through.
The newspaper adds that Tottenham are in fact requesting closer to £40m than the £35m more widely reported for the same reason. Madrid are also said to have drawn the line at offering any more than £27m for the player, the Standard adds.
Modric is in part represented by the son of the Dinamo president Zdravko Mamic, and Mamic admitted he is hopeful Modric completes his move to Spain because Dinamo stand to inherit a large windfall in that event.
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