Manchester United are set to receive a significant boost to their transfer budget, thanks to a clause inserted in Tahith Chong’s contract. Chong, a product of the Red Devils’ academy, was sold to Birmingham last summer after making only 16 first-team appearances. However, United included a 25% sell-on clause in his contract, meaning they will earn a portion of any future transfer fee.
Birmingham paid £1.45 million to sign Chong from Manchester United. Now, with Luton closing in on signing the Dutch forward for £4 million, United are set to earn £1 million from the deal. This is a common practice for Manchester United, as they frequently insert sell-on clauses into the contracts of their academy players.
Another example of this is Ethan Laird, who was also sold to Birmingham. Manchester United will make 30% of Laird’s next transfer fee. Similarly, if Zidane Iqbal departs Eredivisie outfit Urtecht, United will earn 40% of any future transfer fee. Iqbal was sold for £850,000 last month.
Birmingham boss John Eustace has praised Chong and expressed his disappointment at the potential loss of the winger. Chong had an impressive season with Birmingham, contributing four goals and five assists in 38 Championship matches. Eustace acknowledged Chong’s development throughout the season and highlighted his maturity as a player. While Eustace would prefer to keep Chong, he understands that player development and potential moves to the Premier League are part of the club’s objectives.
The news of Manchester United’s additional funds will undoubtedly be welcomed by manager Ole Gunnar Solskjaer. The club has been active in the transfer market this summer, signing Jadon Sancho from Borussia Dortmund and Raphael Varane from Real Madrid. However, with the financial implications of the COVID-19 pandemic, every extra pound in the transfer budget is valuable.
Manchester United’s ability to secure sell-on clauses in their academy players’ contracts showcases their astute business approach. It allows them to benefit financially from the development and success of their former players. This strategy not only helps to strengthen their squad but also provides additional funds for future transfers.
As for Tahith Chong, a move to Luton would present a new challenge in his career. The 21-year-old has shown promise and potential, and a move to a Championship club like Luton could provide him with more playing time and opportunities to further develop his skills. Luton will be hoping that Chong can replicate his impressive performances from last season and help them achieve their goals.
Overall, Manchester United’s inclusion of sell-on clauses in their academy players’ contracts has proven to be a shrewd move. It allows them to benefit financially from the success of their former players and provides additional funds for future transfers. With the potential £1 million windfall from Tahith Chong’s transfer to Luton, Manchester United can continue to strengthen their squad and pursue their ambitions for the upcoming season.