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Last Updated: Wednesday, 1 September, 2004, 07:19 GMT 08:19 UK
Rooney deal explained
Wayne Rooney signs autographs outside Old Trafford
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 United player
  • 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.

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