Bloomberg News

Tottenham to Sell Modric to Real Madrid as Clubs Agree Alliance

August 27, 2012

Tottenham Hotspur agreed to sell midfielder Luka Modric to Real Madrid and also signed a partnership agreement with the Spanish soccer champion.

The 26-year-old Croatian playmaker, who scored 17 goals in 160 games for Spurs after joining from Dinamo Zagreb in 2008, will sign a five-year contract with Real subject to him passing a medical examination, the clubs said today.

“Luka has been a terrific player for us and, whilst we preferred not to part with him, we are pleased that it is to Real Madrid, a club with which we now look forward to sharing a long and productive partnership,” Spurs Chairman Daniel Levy said in a statement on his club’s website.

Modric is joining a team whose 24-game unbeaten run in the Spanish league ended yesterday with a 2-1 defeat at Getafe. It was Real’s first La Liga loss since getting beaten 3-1 by Barcelona on Dec. 10. The last time Real, which opened its title defense with a 1-1 draw against Valencia, was winless after two matches was in 2001-02, according to Infostrada Sports.

Details of Modric’s transfer fee weren’t given in separate statements by the teams announcing the deal. Real will pay about 30 million pounds ($47.4 million) for Modric, the British Broadcasting Corp. reported without saying where it got the information. The Daily Mail earlier said that Spurs will use the money to fund moves for Brazilian duo Willian of Shakhtar Donetsk and Internacional’s Leandro Damiao.

The north London club has signed three players since finishing fourth in the Premier League last season, adding striker Emmanuel Adebayor from Manchester City, Hoffenheim midfielder Gylfi Sigurdsson and Ajax defender Jan Vertonghen. Spurs also hired Andre Villas-Boas as manager last month to replace Harry Redknapp, who left his position June 14.

Tottenham and Real are also entering a longer-term collaboration that Spurs said will result in them working together “in respect of players, coaching, best practices and commercial relationships.”

“We are delighted to welcome Luka and look forward to working closely with Tottenham in the coming years,” Real Madrid President Florentino Perez said in a statement.

To contact the reporter on this story: Dan Baynes in Sydney at dbaynes@bloomberg.net

To contact the editor responsible for this story: Christopher Elser at celser@bloomberg.net


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