Man City insist on £50m buy-back option as Kelechi Iheanacho moves to Leicester City in £25m deal

0

anchester City have insisted on a £50 million buy-back option for Kelechi Iheanacho, as the striker closes in on his protracted move to Leicester.

Iheanacho had a medical at Leicester’s training ground on Tuesday and is set to finally join Leicester for £25m in the next 48 hours after the deal was held up due to a row over image rights with his former agents.

As revealed by Telegraph Sport last month, Leicester agreed a fee and terms nearly four weeks ago for the Nigeria international and have had to be patient while the impasse with his agents was resolved.

But with the striker now poised to officially become a Leicester player, it has emerged that Manchester City have struck an agreement which will see them given the first option to re-sign the 20-year-old if he proves a success at the King Power Stadium.

Iheanacho remains highly thought of at the Etihad Stadium, after progressing through the club’s academy, and City have inserted a clause to buy him back for £50m. Leicester were happy to agree to the clause, as they will double their money in the event of the forward proving a massive hit in the East Midlands.

Kelechi Iheanacho
Kelechi Iheanacho scoring for Man City CREDIT: GETTY IMAGES

It is understood that Leicester have secured Iheanacho’s signature ahead of Tottenham Hotspur, West Ham United and Monaco, and the deal represents a huge coup for new manager Craig Shakespeare. Iheanacho, 20, could make his Leicester debut in Friday’s friendly against Borussia Monchengladbach at the King Power Stadium.

Shakespeare said earlier this week: “I’m hoping he will be available for the game at Arsenal, but I am like every other manager at the moment. I think we all find it frustrating but it is the current market.

“You saw with the Harry Maguire one, we got that done quick. When he is in the door, we can announce it.

“At the moment, of course, we are interested in players as most of the Premier League is, but you can see that clubs won’t really talk about it until they are over the line.”

You can share this
Previous articleArsenal boss Wenger hints Lemar negotiations ongoing
Next articleThe Bad Effects of Football Betting In Nigeria
We help you make sense of an increasingly complex information world with a wide range of perspectives and stories that will allow you take an informed decision. We are proud of our African heritage and keep our eyes on the world. As online media, we see digitalization as the foremost opportunity to reach new readers, customers, and African emerging markets. We are independent in our approach. Our philosophy is grounded in the principles of a free society, which Africa is coming to terms with yet not losing the essence of what makes us African, which is our culture. ….showcasing the best part of us! www.etimes.com.ng ======================== info@etimes.com.ng ======================== etimes.nigeria@gmail.com Phone: +234 802 893 1940
SHARE