Borussia Dortmund CEO Hans-Joachim Watzke has admitted he is ‘not happy’ with the sum of money the club will receive from Jadon Sancho’s transfer to Manchester United.
The two clubs have confirmed that they have reached an agreement in principle for the England international for a fee of €85million (£73million).
Manchester City will be entitled to £9.5million of that fee due to a sell-on clause in their deal with Dortmund that took him to the Bundesliga club back in 2017.
The fee Dortmund will receive is a significant reduction on their asking price of €120million (£103million) last summer, meaning that their valuation of the star dropped by £30million.
Furthermore, it has been reported by The Athletic that the agreed fee will be paid equally over the course of five separate instalments of £14.7million each.
There were multiple factors behind this drop in valuation, most notably the financial ramifications of the Covid-19 pandemic meaning that football’s transfer market has shrunk in the past year.
Sancho’s deal at the Westfalenstadion – which had been due to expire in 2023 – also had one less year to run and, despite his fine form at club level, his valuation did not increase over the summer due to his absence from Gareth Southgate’s starting line-up for England in Euro 2020.
The valuation of the 21-year-old also decreased due to a change in the player’s mindset – he had accepted remaining at the German club for the 2020/21 season but he felt that now was the time to reward that loyalty by allowing him to secure his desired move this summer.
Dortmund have now confirmed that they were not satisfied with the fee they will receive for agreeing to part company with the star forward.
Watzke told a press conference on Thursday: “We’re not happy about the money.
“We’re sad that he’s gone.
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“At the end of the day, it was Jadon’s exemplary wish to leave, we would have preferred to keep him here.
“But he behaved fantastic and gave everything for four years. He made us move forward significantly in the second half of the season.”
Sancho is believed to have penned a five-year contract at United in which he will receive a weekly wage of £250k.
The fee will ensure he becomes the club’s fourth most expensive signing of all-time, ranking behind Paul Pogba, Harry Maguire and Romelu Lukaku.
The winger is currently with the England international squad during Euro 2020, where he has not made the starting line-up in any of their four matches to date.
Sancho came on as a late substitute in the group stage win over Czech Republic but is unlikely to feature heavily in the remainder of the tournament.
It remains unclear what shirt number he will wear at United next season; his preference is to continue wearing the number ‘7’ as he did at Dortmund, but that is currently occupied by Edinson Cavani.