I can confirm that Bayern’s deal for Nicolas Jackson is one of the most expensive loan transfers in football history, and internally both at Bayern and Chelsea the expectation is that the cost will rise to €22.5 million once performance bonuses are met, targets so light that they are essentially guaranteed. To top it off, the agreement includes an €83.5 million buy option and a sell-on clause in Chelsea’s favour, structured in the same way as the clause Bayern assured their counterparts in the Luis Díaz deal with Liverpool, which many doubted until it proved true.
The structure of the transfer goes even further. Bayern not only agreed to cover Jackson’s full salary, they also handed him a single-digit signing fee simply for accepting the loan move, something unprecedented in European football for a temporary deal. To make the finances work, Bayern sold Paul Wanner to PSV for €15 million, a move presented publicly as part of a youth strategy but in reality a financial necessity, since without that cash injection the supervisory board would never have signed off on the transfer.
Chelsea, who were more than willing to let Jackson leave, have transformed a squad player into a historic cash machine. The English club even forced Bayern to accept a penalty clause worth around €7.5 million, obliging them to pay more if the €83.5 million buy option is not exercised. The effect is to leave Bayern boxed into a lose-lose outcome. If we add the penalty clause to the loan fee, the signing bonus, the performance add-ons and the full salary, the total cost of a single season of Nicolas Jackson in Munich will approach €50 million.
In Munich the deal is presented as ambition, yet in reality it is nothing more than desperation dressed up as strategy. Paul Wanner, one of the brightest youth prospects, was sacrificed. Bayern sanctioned a record loan and even handed an unprecedented signing fee to a loanee, all to save face in a failing window. Chelsea will invest the windfall into their future, while Bayern have cut into their own to finance a single season of panic.
From market leader to market victim, Bayern’s decline is now written into contracts, line by line, clause by clause.
(via@BayernSpace)