Football

Manchester United to pay £24 million to sign Radamel Falcao on loan

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Radamel Falcao is close to completing his shock switch to Manchester United, and the full cost of his move has been confirmed by the Telegraph.

News broke this morning that the Red Devils had agreed a loan fee with Monaco despite interest from Manchester City and Real Madrid. As things stand he is currently jetting into Manchester to complete his medical and sign a contract - which has the option of a permanent transfer at the end of the season-long loan. He will wear the number nine shirt.

Transfer

Monaco were seemingly happy to let him leave either on a permanent transfer or on loan as is the case, but according to the Telegraph wages proved to be an issue during talks. Falcao is on a huge wage of £346,000-per-week at Monaco and isn't subject to the same tax demands as players in either France or England.

With Monaco unwilling to pay part of his wages while letting him go on loan it was up to Manchester United to cough up the cash to make it happen once he became a viable target.

Now the Telegraph claim that the Red Devils have agreed to take on his entire contract for the duration of his loan spell, which when added to the fee they have to pay to Monaco brings the final bill to an eye-watering £24 million. They have the option to make the deal permanent at the end of the season, which would then take the overall figure much higher - although the exact figure written into the deal to make it permanent hasn't been revealed as yet.

That contract is worth more than current top-earner Wayne Rooney, who signed a £300,000-per-week deal last year, takes home.

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Huge contract

So far in this window Manchester United have spent around £133 million on four players - Luke Shaw, Ander Herrera, Marcos Rojo, and Angel di Maria, but that figure will increase drastically in the coming hours.

Big spending

Daley Blind will arrive from Ajax for around £18 million, while the figure they have forked out for Falcao according to the Telegraph pushes their overall spend to nearer £180 million. There is still a chance that they could look to land a new defender and a midfielder before the close of the window as they need cover in both areas - however they don't look close to doing any business in either position as things stand.

Once Falcao has completed his switch to Old Trafford he will then fly back out to link up with his Colombian team-mates ahead of the international break.

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Topics:
Manchester United
Football
Premier League

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