Paris Saint-Germain has their defensive midfielder in Manuel Ugarte after the capital club beat out Chelsea to sign the Uruguay international.
Transfer window specialist Fabrizio Romano revealed on Monday how PSG would pay €60 million to Sporting Lisbon for Ugarte. The Italian journalist notes that the Ligue 1 side will start paying the transfer fee in 2024, lasting over five years.
Paris Saint-Germain will start paying the €60m release clause of Manuel Ugarte to Sporting next year, in summer 2024 — payment will be made in five years. 🔴🔵 #PSG
Ugarte will be unveiled today as PSG player on five year deal. pic.twitter.com/ardIbNAeqw
— Fabrizio Romano (@FabrizioRomano) June 5, 2023
Doing the quick math means the French giants will be making Sporting Lisbon a yearly payment of €15 million until 2029. As a result, the economical price might be eye-catching, but how it will be paid doesn’t sound too bad and likely allows for further spending this summer.
Furthermore, GOAL France’s Marc Mechenoua reported on Monday the contract details in the agreement between PSG and Ugarte. The 22-year-old will sign a five-year contract with an annual salary of €3.4 million.
Les détails du transfert de Manuel Ugarte au PSG :
– Contrat de 5 ans.
– Salaire autour de 3,4 millions d'euros.
– Transfert de 60 millions d'euros payé sur 5 ans.
— Marc Mechenoua (@LeMechenoua) June 5, 2023
Mechenoua notes that the Ugarte transfer to the French giants will only appear in PSG’s accounts from next year.
PSG’s investment in Ugarte is one that the capital club hopes fills Thiago Motta’s role in the midfield, as the reigning Ligue 1 champions have whiffed on replacing him since he left in 2018.