The breakdown of Joao Felix move to Atletico Madrid

Benfica forward Joao Felix has officially made his move from the Lisbon squad to Madrid to join Atletico, Benfica will receive a record breaking transfer fee of €126M, the highest transfer fee ever received by the club and for by any team in the Portuguese League. Atletico Madrid will pay Benfica €30M this season with the club receiving the remaining €96M in installment payments in the future. The additional €6M above Felix's €120M buyout clause is interest on the installment plan. Super agent Jorge Mendes will receive €12M from the deal while FC Porto who Felix spent time with in his youth before being released and joining Benfica will receive €1.2M. These costs will not be deducted from the money Benfica receives as Atletico will be responsible for covering them. Atletico have signed Felix to a seven year contract and have also added their highest buyout clause ever for a club player at €350M.