Tottenham Hotspur chose to sell Luka Modric to Real Madrid for £10 million less than the amount they could have secured in England, it has been claimed.
The Sun reports that the £30 million deal that Spurs’ chairman Daniel Levy agreed with the Spanish giants is £10 million less than what Chelsea or Manchester United may have been willing to pay.
Levy took a calculated decision to sell the Croatian cheaper abroad, rather than risk the midfielder improving any Premier League rivals’ armoury.
Last season, the north London club boldly refused a £40 million offer from Chelsea for the play-maker, who has now agreed a five-year deal at the Bernabeu.
It is reported that Madrid will pay an initial £25 million for the 26-year-old, with a further £5 million being paid in instalments.
Another significant development to emerge from the move is the start of a new partnership being announced between both clubs. Details of what this entails haven’t been made public, but it could signal further player moves between the clubs.
Levy commented: “Luka has been terrific for us and while we preferred not to part with him, we are pleased it is to Real Madrid, a club we look forward to sharing a long and productive partnership.”