Transfer news - Jadon Sancho: Borussia Dortmund & Manchester United announce deal agreed for England forward
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ByEurosport
Updated 01/07/2021 at 14:31 GMT
The Jadon Sancho transfer saga is over with Borussia Dortmund and Manchester United announcing that an agreement has finally been reached between the two clubs. The deal is worth £73m and the 21-year-old will reportedly agree a five-year deal on £350,000-a-week contract. The formalities of the deal will be completed after the conclusion of Euro 2020.
Dortmund 'sad' Sancho is leaving - CEO Watzke
Manchester United have followed Dortmund in announcing a deal in principle for the transfer of Jadon Sancho.
“Manchester United is delighted to announce it has reached agreement in principle with Borussia Dortmund for the transfer of Jadon Sancho,” read a statement from United.
The signing is subject to contractual terms and a medical, which will be completed after Jadon’s involvement in the UEFA European Championship.
Earlier on Thursday, Borussia Dortmund's chief executive Hans-Joachim Watzke confirmed that the Bundesliga club had agreed a deal for the sale of the player.
The Bundesliga club informed the stock exchange on Thursday morning that the £73m transfer is almost done. It is believed the 21-year-old will agree a five-year deal on £350,000-a-week contract.
Watzke said at a press conference unveiling new head coach Marco Rose: "There’s an agreement with Manchester United for Sancho. It was Jadon's express wish to change, we would have liked to keep him.
We are not happy about the money but sad that he’s leaving.
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DORTMUND STATEMENT IN FULL
Dortmund's stock exchange statement, released at 11.29am CET time, read: "The player Jadon Sancho ("Player") is about to move from Borussia Dortmund GmbH & Co. KGaA ("BVB") to Manchester United Football Club Limited ("Manchester United").
"Both clubs and the player reached an agreement on this today. If the transfer is realised, Manchester United will pay BVB a fixed transfer fee of EUR 85.0 million.
"The contractual details now have to be coordinated and documented. The formal processing of the transfer is also subject to the successful completion of all necessary medical tests and examinations, a coordination procedure with the player's previous club and the proper and timely processing in accordance with the provisions of the FIFA Transfer Matching System (FIFA TMS).
"With the implementation of this transfer business, the management expects a positive effect on the key earnings figures (EBITDA, EBIT) for the 2021/2022 financial year in the amount of around EUR 56.0 million."
Sancho is currently on international duty with England at Euro 2020, but has played just six minutes in their opening four games at the tournament.
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