Manchester United have revealed the structure of their payment plan to bring Wayne Rooney to Old Trafford.
The club has told the Stock Exchange that Everton will receive a guaranteed £23m provided Wayne Rooney remains a United player until 30 June 2007.
Everton could earn an extra £7m over and above the basic £20m transfer fee.
The Toffees will receive cash depending on United's success and Rooney's international appearances over the next five years.
How the deal breaks down:
£1m if United win the Champions League
£500,000 if United are runners-up in the Champions League
£500,000 if United win the Premiership
£250,000 if United finish second in the Premiership
£150,000 if United win the FA Cup
£500,000 if Rooney earns 20 England caps in competitive games while a
£500,000 if Rooney plays a further 20 times for England in competitive
games while a United player
Even if none of those things happen in the next five years the Toffees will
receive at least an extra £3m, paid in £1m instalments on 1 August
2006 and the same date in 2007 and 2008.
Everton have also negotiated a 25% 'sell-on' agreement, under which they would
receive a quarter of any excess sum over all amounts paid in this agreement.