Tottenham agrees sell-on clause in Leicester City deal for midfielder transfer

Oliver Skipp's move to Leicester City has been confirmed, marking the end of his time with Tottenham Hotspur, the club where he grew up and made his name.

The transfer, which was officially announced on Monday afternoon, comes after months of speculation and quick negotiations over the weekend.

With the deal now sealed, it’s clear that Tottenham have not only secured an immediate financial boost but also set themselves up for potential future gains.

The 23-year-old midfielder, who came through Tottenham's academy and has been a lifelong supporter of the club, made over 100 appearances for the Lilywhites.

His departure marks the end of an era for both the player and the club. However, Tottenham have ensured that this move is not just a goodbye but a smart financial maneuver that could benefit them down the line.

According to Alasdair Gold, a well-respected journalist and insider when it comes to Tottenham, the club will receive more than £20 million from Leicester City for Skipp.

But the most intriguing part of the deal is the inclusion of a sell-on clause. This clause means that if Leicester decides to sell Skipp in the future, Tottenham will receive a percentage of that transfer fee.

Tottenham agrees sell-on clause in Leicester City deal for midfielder transfer

Even though we don't know the exact percentage of the sell-on clause, having it in the deal gives Spurs some financial security.

This part of the deal is especially smart when you think about where Leicester City is right now. They've been having a tough time in the Premier League, and there’s a real chance they could get relegated this season.

If that happens, Leicester might have to sell some players, including Skipp, to manage their finances. If it comes to that, Tottenham could cash in again without doing anything.

Sky Sports had earlier reported that the deal would include an initial £20 million with up to £5 million in add-ons, which could be triggered by various performance-related conditions.

These add-ons could push the total value of the deal even higher, making it a win-win for Tottenham.

Skipp himself took to social media to express his feelings after completing the move. He spoke fondly of his time at Tottenham, referring to the memories he created at the club as "special" and described playing for Spurs as an "honor and a privilege."