ENGLISH FOOTBALL

Everton have been handed a £25million transfer price for Maxwel Cornet to be paid in installments

Everton

Everton have to pay £25m if they want to pay for Maxwel Cornet in installments from Burnley.

This deal also includes a £17.5m release clause ‘up-front’. This was reported by The Daily Mail.

The Merseyside club have shown interest in the player as they look to bolster their attacking position. They have lost their star striker this season-Richarlison to Tottenham. The Toffees have earlier their bid of £13m plus £4m in add-ons rejected by Burnley. They were asked to pay the whole transfer amount in lump sum.

The club and the Ivorian have already agreed on personal terms between themselves. A five-year deal with a weekly wage of £67,000 to the player is included in the deal. However, Burnley wants £25m if Everton does not agree to make the payment up-front. West Ham and Newcastle are also said to be in the race for signing the 25-year-old.

However, if Everton agrees to that deal it would be absurd as for the first time a higher transfer fee would be paid more than the release clause.

Everton are in a strong position to acquire Cornet this term

With just the release clause to be paid and personal terms agreed the transfer looks to be almost done.

The Toffees are indeed not strong financially but Cornet’s release clause makes him easier to attain by Everton. Therefore, with their precarious financial position, it would be foolish for the club to devote funds over a period of time than to pay them a lump sum. They have the option now to pay the whole amount less than over a period of time.

Moreover, the Merseyside club have still the money they incurred after the sale of Richarlison. Dwight McNeil, their target would cost them around £15m states reports.

Everton in any way have to improve their attack this season with the departure of a key striker leaving a void.

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