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Manchester City to spend only €35 million on its next bid

Manchester City is anxious to enroll Valencia’s winger Ferran Torres, but has made it known to Los Che that they will not bid the odds for the 20-year-old, Marca reports. 

Ferran’s deal expires on June 30, 2021, and  Valencia was told by Manchester City that they will not spend more than €35 million-plus additional objectives.

The English club has approved a commitment with the Spaniard and now needs to finalize a deal with Valencia.

In most other conditions, this payment will be allowed way below fair value, but the case of his contract implies that Valencia is no longer in charge.

Ferran has rejected several agreements offers from the club and Valencia knows that to make any financial gain they have to sell him this summer.

The existing waiver clause for the winger is 100 million euros, an amount that was put into his contract by Mateu Alemany in 2018 to dissuade Real Madrid and Barcelona.

It gave Valencia some safety, but the size of the contract was short, as has now been confirmed.

With the team budgeting 45 million euros from Ferran’s selling, the problem is that Los Che is now trying to balance their finances.

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They would have to capitalize at least twice this number, as a consequence of not playing in next year’s Champions League.

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