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French forward Kylian Mbappe finally confirmed his long-awaited move to Real Madrid but the transfer came with a massive pay cut on his big-money deal at PSG.
French forward Kylian Mbappe finally completed his long-awaited move to Real Madrid after opting against extending his contract with Paris Saint-Germain.
The signing of Mbappe ends a two-year saga between the player and the two clubs with Real Madrid having submitted a €200m (Ksh28.3 billion) offer on summer deadline day to sign him in 2022 before PSG rejected it and convinced him to extend his stay.
In Madrid, Mbappe will be paid an annual salary of between €15m (Ksh2.1 billion) and €20m (Ksh2.8 billion) with annual increments. He is due to receive a €125m (Ksh17.7 billion) signing-on bonus spread over five years of the contract, and will get 80 per cent of his image rights.
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13:30 - 04.06.2024
How much Mbappe will earn from Madrid & what PSG will cut from wage bill
A look into Mbappe's new contract
While this is not pocket change, Mbappe leaves behind one of the biggest contracts in football history, given what he was on at PSG and what the club was still winning to pay him had he extended his stay.
When he signed his extension in 2022, the three-year deal was worth an astonishing €630 million (Ksh89.4 billion) to the Frenchman.
His basic wage was around €6 million (Ksh851 million) per month, which gave him an after-tax monthly salary of €2.7 million (Ksh383 million).
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13:40 - 03.06.2024
5 benefits Real Madrid will enjoy from signing Kylian Mbappe
This article outlines the perks Mbappe will add to the already dominant Real Madrid.
This was just one side of the incredible package offered to the then 23-year-old. His deal also included a staggering €180 million (Ksh25.5 million) signing-on bonus spread over the course of his three-year contract, meaning he has received €120m (Ksh17 billion) in the last two years.
In addition to the signing-on fee, Mbappe also got a loyalty payment for each year he remained at the club. The first instalment was thought to be €70 million (Ksh9.9 billion) and it rose in value each season that the Frenchman stayed at the club.
He received the first €70 million (Ksh9.9 billion) installment but PSG are holding onto the second one, claiming he has not shown loyalty by opting to ditch the club for the Spanish giants.
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12:35 - 03.06.2024
Kylian Mbappe: Will Real Madrid's newest Galactico handle the weight of expectation?
As French forward Kylian Mbappe edges closer to his Real Madrid unveiling, fans are hoping that he will live up to the billing with Los Blancos offering a different set of expectation.
The French giants were ready to splash even more on Mbappe if he had stayed but he has opted for the prestige of Real Madrid over the riches of PSG which is still a win-win situation for both parties as the player gets the move he craved while the club saves their money.
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