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Last Updated: Wednesday, 3 September, 2003, 11:06 GMT 12:06 UK
Cash boost for Man Utd
David Beckham
Beckham was sold in June
Manchester United have reached an agreement with Real Madrid to receive 11m of the transfer fee for David Beckham in a lump sum.

United were originally due to receive 12m in equal instalments over four years but will now receive 11m up front.

The new terms will see United receive 1m less but allow them to bank the money immediately.

The club have already received about 5m of the 25m transfer fee with the rest being subject to Real's performances in the Champions League.

Under the deal, the club will collect 875,000 each time Real qualify for the Champions League over the next four seasons.

The same amount is also payable if the Spanish club go on to reach the quarter-finals of the competition in those seasons.

United and Real reached agreement over the sale of England captain Beckham in June.






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