Burnley are cashing in on advanced payments for Newcastle United goalkeeper Nick Pope, football finance expert Kieran Maguire has revealed.
Pope signed for Newcastle United from recently-relegated Burnley earlier this summer on a four-year contract. Reports at the time of the transfer suggested that the fee for Pope was in the region of £10 million to £11 million.
A tweet from Maguire shows the structure of the deal for Pope. It shows that Newcastle are paying Burnley in instalments for each of the next three years, paying the last instalment in July 2025. However, it is not clear how much the Magpies paid up front for the goalkeeper, although it seems the majority of the fee will be paid in annual instalments.
Maguire's post also revealed that Burnley have borrowed money against future instalments of the Pope transfer fee, less than a month after selling the England international.
Maguire said on Twitter: "Less than a month after selling Nick Pope to Newcastle, Burnley cash in on the next three instalments of his transfer fee totalling £7m via a payday loan invoice discounting deal with Macquarie."
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Pope is one of three players to have signed for Newcastle this summer, along with left-back Matt Targett and highly-rated defender Sven Botman.
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