Earlier on deadline day, we relayed confirmation that Marcus Edwards has left Tottenham to join Vitoria.
The Portuguese club has now confirmed the deal themselves, revealing a few additional financial details. Vitoria say they “hold 50% of his economic rights” and that Edwards has a €15 million release clause in his four-year contract.
According to Sport Witness, the 50 per cent mentioned is essentially a sell-on clause, meaning Spurs will receive half of whatever fee Vitoria get for Edwards if they sell him in the future.
With his release clause being valued at €15 million, it means the most Tottenham will realistically receive is €7.5 million. Those clauses are likely to change if Edwards signs a new contract with Vitoria, something that is only likely to happen if he is a success in Portugal.
Sport Witness also cites reports in Portugal claiming Edwards’ contract with Spurs was terminated before he left for Vitoria, although other outlets apparently aren’t so sure. If true, that’s probably how Daniel Levy managed to agree a 50 per cent sell-on clause.
In any case, Edwards is no longer a Tottenham player – but Spurs may benefit financially from his exit down the line.
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