Celtic: Bhoys to lose 30% of Jeremie Frimpoing sale funds
Celtic sold Jeremie Frimpong to Bayer Leverkusen in January for £11.5m, which was regarded as a significant fee at the time.
Neil Lennon made the decision to offload the 20-year-old during last month’s transfer window and brought in Everton’s Jonjoe Kenny on loan until the end of the 2020/21 campaign
But having made a pre-tax loss of £5.9m due to the coronavirus pandemic, not all of those funds will be reimbursed back into the first team. Unfortunately, it gets even worse than that.
Football Insider have now revealed that the club Celtic signed Frimpong from, Manchester City, had a 30% sell-on clause inserted into his Bhoys’ deal.
This means that the Hoops will lose a further £3.45m having been nurtured through the Etihad academy since the age of nine.
Transfer Tavern Verdict
Many will have thought that this was a money-saving exercise that Peter Lawwell was carrying out. Actually, that turned out not to be the case. The fact the Hoops boss won’t have gotten all of the money from Frimpong’s exit will come as yet another blow to him given the less than stellar season he’s had in the dugout.
And while Lennon moved quickly to get in a fresh set of legs to fill his boots, it is uncertain whether the Bhoys will make the permanent move for the Englishman at this time.
It has been a year to forget for Celtic both on and off the pitch, they will want next season to come around as quickly as possible.
In other news, 112-goal Glaswegian aspires to play for Celtic one day.