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Juve confirm Kean financial details

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Juve confirm Kean financial details

Juventus have confirmed the financial details of Moise Kean’s Everton transfer, €27.5m with up to €2.5m in bonuses.

This is considerably less than the reports, which had around €10m in various add-ons.

That works out at £25.1m plus £2.28m in bonuses.

A statement from the Bianconeri confirmed it is payable over three instalments and generates a profit of €22.5m in their balance sheet.

He is a product of their youth academy, so there are also ‘solidarity’ payments, and one can only assume a commission for agent Mino Raiola.

The 19-year-old Italy international signed a five-year contract with Premier League side Everton today.

“Juventus Football Club S.p.A. announces that an agreement with Everton Football Club Company Limited for the definitive disposal of the registration rights of the player Moise Bioty Kean has been reached for a consideration of € 27.5 million payable in three financial years.

“The consideration may increase of further € 2.5 million on achieving given conditions in the course of the duration of the contract. 

“The economic effect is positive for about € 22.5 million, net of solidarity contribution and auxiliary expenses.”

Kean wrote a farewell to the Bianconeri supporters on his Instagram page.

“Thank you! When I think of Juventus, the only words that come into my mind are: Thank you!

“Since I arrived at the age of 11, everyone believed in me, I was surrounded by so much affection and supported by the warmth of the fans.

“I will never forget you, you’ll always have a place in my heart.”

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