Palmeiras close to sealing R$530 million deals with Chelsea and West Ham

Estêvão and Luis Guilherme at the center of high-stakes negotiations with European clubs.
by
Desmond Efe-Khaese
2024-06-01 14:34:27

Palmeiras is nearing deals worth R$530 million with Chelsea and West Ham for players Estêvão and Luis Guilherme. The agreement with Chelsea for Estêvão is almost set at €64 million, which includes €40 million upfront and an additional €24 million in performance-based bonuses.

Meanwhile, talks with West Ham for Luis Guilherme are advancing, with a proposed transfer fee of €30 million.

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The club plans to keep a portion of any future sales for Luis Guilherme, betting on his potential growth in Europe. However, Palmeiras won’t receive the full R$530 million immediately, as these transactions include staggered payments and are dependent on specific achievements, particularly for Estêvão.

Palmeiras will take 70% of his sale price, with the rest going to his family. This transaction will impact the club’s financials in 2025 since Estêvão will join Chelsea when he turns 18 next year.

Luis Guilherme could move as soon as the European transfer window opens on June 14, since he is already 18. Despite these promising deals, Palmeiras remains cautious, looking to maximize profit by leveraging interest from other clubs.

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