Wednesday, September 04, 2013
Southampton cashed in their 25% Gareth Bale sell-on clause for just £3m
Southampton’s top brass had around 20 million fairly good reasons to feel aggrieved when Gareth Bale completed his world record transfer to Real Madrid on Monday morning.
You see, there was a time when the Saints would’ve been contractually entitled to a quarter of the £85.4million (€100.9million) that Real Madrid slung Tottenham’s way in return for Bale thanks to a 25% sell-on clause which was inserted in the Welshman’s contract when he moved from St Mary’s to Spurs in 2007 for an eventual £7million.
Unfortunately for Southampton, they allowed Spurs to buy themselves out of certain elements of Bale’s contract (including the sell-on clause) for a lump sum of somewhere between £2-3million when the club found themselves short on cash just a year later.
You see, there was a time when the Saints would’ve been contractually entitled to a quarter of the £85.4million (€100.9million) that Real Madrid slung Tottenham’s way in return for Bale thanks to a 25% sell-on clause which was inserted in the Welshman’s contract when he moved from St Mary’s to Spurs in 2007 for an eventual £7million.
Unfortunately for Southampton, they allowed Spurs to buy themselves out of certain elements of Bale’s contract (including the sell-on clause) for a lump sum of somewhere between £2-3million when the club found themselves short on cash just a year later.
