Gaitan arrives in China for a lot less than expected

Gaitan arrives in China for a lot less than expected

March 7, 2018 Off By Ben MacDonald

The Chinese Football Association has today confirmed the amount of money Dalian Yifung paid Atletico Madrid for Nico Gaitan, with a fee of €5.75 million less than a third of the price previously reported.

New rules in the Chinese Super League stipulate that if a club secures any transfer which amounts to more than €5.75 million, they must pay a 100% tax on the remaining amount. This means that the league’s newcomers didn’t have to pay any additional costs to secure Gaitan’s signature, after a rumoured cost of €18 million was reportedly agreed by both sides.

Last Tuesday (February 27th), Atleti announced the surprising deal, with the Argentinian joining his team mate at the club, Yannick Carrasco in the Far East. It had been expected that Gaitan was to leave the Wanda Metropolitano during the winter transfer window, with Marca reporting at the end of January that English Premiership sides Southampton and Watford had approached Atletico Madrid with offers.

With Diego Costa and Vitolo finally arriving at the club in January following the end of the transfer ban, further doubt was placed on Gaitan’s future at the club. The 30 year old had only made 12 appearances in all competitions throughout the season and a move away from the Spanish capital was seen as the best option for the player, who will be hoping to make Jorge Sampaoli’s World Cup squad.

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Gaitan and Carrasco, as well as fellow newcomer Jose Fonte suffered embarrassing debuts on Saturday in their first match for Dalian, losing away to last season’s runners up Shanghai SIPG in a humiliating 8-0 defeat.