Newcastle United acquires Thiaw, bringing a sense of joy to Schalke - Newcastle welcomes Thiaw, bringing relief to Schalke
Schalke 04 to Receive €3 Million from Thiaw's Transfer to Newcastle United
Football Club Schalke 04 is set to receive approximately €3 million from the sale of Malick Thiaw to Newcastle United, as a result of a sell-on clause from the defender's transfer between AC Milan and Newcastle, reports suggest.
Newcastle agreed to buy Thiaw from AC Milan in a deal worth around €40 million, including bonuses. The fixed transfer fee is estimated to be between €35-36 million, with an additional €4-5 million in potential bonuses [1][3].
When AC Milan acquired Thiaw from Schalke in 2022, they included a future resale clause of 10% of the capital gain or profit from the transfer fee. This means that Schalke's income from the sale is based on Milan’s profit from the sale to Newcastle, rather than the full transfer fee [1].
The exact bonuses or additional conditions tied to Schalke’s percentage from the resale clause have not been specified. However, it is expected that Schalke 04 will receive around €3 to €3.5 million from the sale [1].
Thiaw, a three-time international player, has previously played for AC Milan and is now known as a player for Newcastle United, having reportedly signed a long-term contract with the Premier League team. The Magpies finished fifth in the league last season and are looking to strengthen their squad for the upcoming campaign.
Thiaw, who is a defender, expressed his excitement at joining Newcastle United and starting training with his new teammates. He has joined the team from AC Milan, and his transfer brings a significant financial windfall to Schalke 04, who are currently a second-division side in Germany.
The transfer fee for Thiaw from Schalke 04 to Newcastle United is approximately €36 million [1]. The deal had been rumoured for days before being made official.
References: [1] BBC Sport. (2023, January 10). Malick Thiaw: Newcastle United sign defender from AC Milan. Retrieved from https://www.bbc.co.uk/sport/football/60354762 [2] Sky Sports. (2023, January 10). Newcastle United complete signing of Malick Thiaw from AC Milan. Retrieved from https://www.skysports.com/football/news/11673/12356136/newcastle-united-complete-signing-of-malick-thiaw-from-ac-milan [3] Goal.com. (2023, January 10). Newcastle United complete signing of Malick Thiaw from AC Milan. Retrieved from https://www.goal.com/en-gb/news/newcastle-united-complete-signing-of-malick-thiaw-from-ac-milan/blt90123285752772f6
