River scores millions as Fernández becomes record signing in Premier League
The Millonario is set to earn an additional fee thanks to a FIFA rule that rewards clubs for training players La entrada River scores millions as Fernández becomes record signing in Premier League se publicó primero en Buenos Aires Herald .
Following the signing of midfielder Enzo Fernández, River Plate has received a significant financial boost. The Argentine football club, which has been struggling this season, is set to cash in on the historic transfer that saw the 2022 World Cup winner move from Chelsea to Manchester City for €145 million (US$165 million). Fernández's signing makes him the fourth most expensive transfer in football history, tied with Alexander Isak.
The Premier League club profited after spending €121 million (US$140 million) on Fernández in 2022, while River Plate, which holds part of his training rights, will receive solidarity payments. These payments, amounting to 5% of the total transfer fee, equate to approximately US$5.8 million. The remaining 1.5% will be divided equally among Argentine club Defensa y Justicia, Portuguese outfit Benfica, and Chelsea.
The extra income will help River Plate's treasury following a season in which the club spent nearly US$70 million on signings.
Written by urgent.news from Buenos Aires Herald's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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- River scores millions as Fernández becomes record signing in Premier League buenosairesherald.com
