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Real Madrid has reportedly succeeded in securing the signing of French football sensation Kylian Mbappe, fulfilling a dream that has been in the making for over a decade.
The 25-year-old will join Los Blancos in July, leaving Paris Saint-Germain on a free transfer.
According to Marca, the deal was finalized two weeks ago after a month of negotiations involving Mbappe’s mother and agent, Fayza Lamari, his lawyer Delphine Verheyden, and Managing Director Jose Angel Sanchez.
While Real Madrid compromised on image rights, with Mbappe expected to earn around 60% of them, the talented forward has agreed to a significant wage cut.
His net salary will range between €15-20 million per year over a five-year period, a substantial reduction from his previous €32 million annual salary at PSG.
Additionally, the signing bonus has also been reduced to below €50 million from the initial agreement of €130 million.
Mbappe’s signing will make him the highest-paid player in Real Madrid’s history, considering his image rights.
However, when considering the overall deal, it can be regarded as a bargain for the club.
Real Madrid will not have to bear the burden of a hefty transfer fee, and Mbappe’s salary places him only slightly above the top earners in the squad.
This ensures that the deal will not impose significant financial constraints on the club in the coming years.
Furthermore, the five-year contract provides Real Madrid with stability, as they can now focus on the future without the looming uncertainty of Mbappe’s contract negotiations.
The signing of Mbappe represents a strategic move by Real Madrid, securing a talented player without compromising their financial stability.