OFFICIAL: Manchester City Confirm Agreement With Dortmund For Erling Haaland

Manchester City have announced the signing of Erling Haaland from Borussia Dortmund, subject to terms.

Borussia Dortmund have confirmed the transfer of Erling Haaland to Manchester City in a financial update posted on their website.

City confirmed Haaland’s signing on Tuesday in a short statement, confirming that they have reached an agreement in principle with Dortmund for Haaland to move to the Etihad on July 1, subject to finalising terms with the Norwegian striker. It is believed that City have triggered Haaland’s release clause of €60m, which works out at around £51m.

At the same time, Dortmund posted an official update on their own website, noting that the transfer will give them ‘positive effect’ for the 2022/23 financial year.

Their statement said: “Player Erling Haaland (“Player”) is about to transfer from Borussia Dortmund GmbH & Co. KGaA (“BVB”) to Manchester City Football Club Limited (“Manchester City”). All parties have agreed on the basics of this today.

“The contractual details still have to be coordinated and documented. The implementation of the transfer is also subject to proper and timely processing in accordance with the provisions of the FIFA Transfer Matching System (FIFA TMS).

“With the realization of this transfer business, the management expects a positive effect on the key earnings figures (EBITDA, EBIT) for the 2022/2023 financial year in the order of around EUR 35.0 million – 40.0 million. Due to the opening of the international FIFA transfer window from July 1st, 2022 and, among other things, other regulatory association requirements, the transfer business will not fall into the current 2021/2022 financial year, but into the 2022/2023 financial year.”

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