Jovic signs for Real Madrid - and Benfica get a substantial cut of the profits

Former Benfica striker Luka Jovic has completed his widely anticipated move to Real Madrid. 

Jovic joined Benfica in 2016 but failed to make an impact at the club, and was soon loaned out to Frankfurt.

Frankfurt eventually took up the option to sign him permanently for a fee in the region of €8million.

Now, though, he has been sold to the Spanish giants for a substantial profit, bringing in a total of €65million for Frankfurt. 

Benfica will, however, receive a substantial proportion of that sum, having included a clause in the Frankfurt deal that ensures Benfica receive 30% of any profit Frankfurt make on his sale.

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That means that Benfica are set to make another €17million in the deal, a strong return for a player that was only ever on the fringes at Benfica.

It makes it far less likely that Benfica will feel inclined to have to sell one of their academy products as a result this season. 

That is because Benfica have already brought in substantial income for the sale of Raul Jimenez (€40million), while Andre Carrillo is also expected to be sold for approximately €20million.