Man City get £10m transfer boost as Tottenham make Pedro Porro signing permanent

Manchester City's summer transfer budget has been boosted by £10m after Tottenham permanently signed their former defender Pedro Porro.

Porro moved from Sporting to Spurs in January on an initial loan deal, with the obligation to make the move permanent in the summer. The Spanish international impressed in his six months at the Tottenham Hotspur Stadium and has now completed his move for €40m.

That fee gives City a transfer boost as they held a sell-on clause when selling Porro to Sporting in 2022 for £7.2m, worth 30 per cent of any profit Sporting made.

With Porro joining Tottenham permanently on July 1, City are entitled to a third of the profit Sporting made in the space of one year, guaranteeing the Blues around £9-10m depending on the conversion rate. Spurs also paid Sporting €5m euros for the duration of Porro's loan.

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A Sporting statement read: "Following the agreement signed on 31 January 2023 between Sporting SAD and Tottenham Hotspur on temporary lease of the player Pedro Porro, for the amount of €5,000,000.00 (five million euros), Tottenham communicated to Sporting SAD the exercise of the option to acquire, definitively, the rights sports activities of the player, for the additional amount of €40,000,000 (forty million euros)."

As Porro's permanent transfer has gone through, City can expect their sell-on clause to be activated, boosting their summer transfer funds. Having bought Porro for £5.5m in 2019, the Blues had already made a small profit on Porro, before the next windfall takes their money gained to over £10m.

City have bought Mateo Kovacic for £25m this summer, with another £5m in add-ons potentially to be paid to Chelsea,