Sunday, June 30, 2019

Why Atletico's €126M offer does not trigger clause for Felix

Benfica SAD announced earlier this week that Atletico Madrid have offered the club €126M to acquire 19 year old Joao Felix. The transfer if it went through would be the highest transfer in the history of the Portuguese game and the third highest transfer of all time only behind Neymar and Mbappe. Joao Felix has a buy out clause of €120M but Atletico's offer of €126M does not trigger the buy out clause because Atletico's offer would pay Benfica in installments, because of this Benfica has the option to accept or decline the deal presented to them. Atletico Madrid has already agreed to an annual salary of €3.5M a season with Felix and the deal will include a buy out clause of €350M.

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