Date: 24th July 2019 at 7:21am
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Everton will bank £9.6million in profit from the sale of Ademola Lookman to RB Leipzig due to a sell-on clause agreed with Charlton Athletic, according to the Evening Standard.

Lookman is understood to be close to finalising his return to the Bundesliga outfit where he spent the latter half of the 2017/18 season on loan, with Julian Nagelsmann’s side thought to have agreed to a £22.5million package including add-ons.

The Charlton product also reportedly underwent a medical with the German club at the start of the week, after Marco Silva gave the 21-year-old the green light to move on after awarding him just 601 minutes of Premier League action during his debut season at the Toffees’ helm.

Lookman became an outcast of the Portuguese’s plans as the boss felt the former England U21 international failed to show the kind of intensity in training that would warrant a place in his team, while also having doubt in his end product.

Leipzig now appear set to finally land a player they had targeted extensively in the summer of 2018, with bids of up to £25million plus add-ons placed, and appear to have lowered the base fee they will pay.

Despite a base figure of £18million being widely reported, the Evening Standard claim Leipzig will only have to pay an upfront instalment of £16million – with the remaining £6.5million spread over add-ons.

Fifteen per cent of the profit made from the purchase of Lookman in 2017 will also go to Charlton Athletic, for the Championship side hold a sell-on clause from the £7.5million deal agreed two-and-a-half years ago – which would stand to be worth £2.3million if all add-ons are paid.

At first, the Addicks will bank at most £1.3million from the base fee Leipzig are due to pay, and once Lookman’s reported £23,000-a-week contract is taken into account, a further £3,036,000 is taken away from any profit Everton will make from his departure.

Going on the basis that all add-ons are eventually met and the fees reported by the Evening Standard, Everton stand to make £9,664,000 in profit from Lookman’s departure.

The Blues’ profits dwindle further if the original valuation of Lookman’s move from Charlton to Everton is used, as it was believed his transfer set the Toffees back £11million in 2017 – making our profit margin £6,164,000.