The contract release clause is 30M€ but Real Madrid will pay 38.8M€ in transfer fee. Part of the payment - 20% - will go the Real Sociedad debtors which bailed out the Club years back. Having said this we will never really know that exact details of the deal as the Real Sociedad President Aperribay was under heavy pressure from the local member base & needed to show that he was very tough in the negotiation. The Real Sociedad President has Club elections at the end of the year & he may well argue that he managed an "extra" 8.8M€ over the release clause with a player which desired to leave. But for now, the "official" line is Real Madrid pays the contract release clause - 30M€ - plus 8.8M€ Value added tax. In the end the details are the least important really, Real Madrid gets its man & Real Sociedad a "cool" amount of cash.
One of the main factors in all of the operation was Asier Illarramendi who voiced to his President that his wish was to sign with Real Madrid. For the player this was a golden opportunity that could not be missed & asked that the Club be flexible.
Illarramendi signs for 5 years with a salary of around 2,5M€ per year, a figure 4 times the salary he was receiving at Real Sociedad.
Spanish Sports press comment that Real Sociedad has called a press conference at 13.00 to announce the deal & the transfer of Illarramendi to Real Madrid.
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