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Real Madrid and Real Sociedad close in on Illarramendi deal

On Wednesday evening, Real Madrid submitted an offer of 35 million euros, following a bid of 34 million that was rejected by ‘La Real’ earlier in the day.

Last Friday, Real Madrid and Real Sociedad had reached a deal for Asier Illarramendi. Only minor details remained, concerning the instalments involved in the payment of the player’s 30 million-euro transfer fee. However, the Basque outfit backtracked at the last minute, particularly due to popular pressure, and asked for the 23-year-old’s buy-out clause as the only way for ‘Illarra’ to leave Anoeta.

Now Real Madrid have submitted an offer of 35 million euros for Illarramendi, following a bid of 34 million that was rejected by ‘La Real’ earlier on Wednesday. The Spain Under-21 international had stated his desire for his future to be resolved before his return to pre-season training with Real Sociedad on 11 July. But negotiations continued throughout Wednesday as the issue of VAT payment dragged on. Illarramendi has decided to make the move to Madrid, but is unwilling to force his exit and will report for training at Zubieta.

Real Sociedad are now demanding that Madrid pay them the equivalent of the midfielder’s release clause (30 million), as well as taking responsibility for the 21% VAT on the transaction (6.3 million). This method of payment is much more favourable to ‘Los Blancos’ than directly activating his release clause: were they to do so, the player would be forced to hand the 30 million over to the Spanish Football League (LFP), in addition to 51% income tax, raising the price of the deal to 45.3 million.

Estadísticas AS.com