There are widely different reports of what the transfer fee is for Cheick Tiote moving to China League One club Beijing Enterprises FC, which is in the second tier of Chinese football.
We bought Cheick from FC Twente for £3.5M in August, 2010 and not surprisingly the Dutch club put a 15% sell on clause in his contract at that time.
That means whatever profit Newcastle make on this deal then FC Twente are due 15% of it.
Cheick Tiote – photographed yesterday in China
The fees differ between £5M which is being reported in Holland and only £500K which the Shields Gazette is reporting this morning.
The major thing Newcastle have tried to do for a player who has hardly played for us over the last couple of seasons is to get his wages of around £55K/week off the wage bill.
So we are sure Newcastle would not allow the transfer fee to get in the way of the move, especially when he will be a free agent at the end of June and would leave for nothing.
If the fee is £5M then the profit is £1.5M and FC Twente would be due 15% of £1.5M which is £225K.
If the fee is £500K then the profit is nothing and FC Twente would therefore be due nothing.
We think the latter will turn out to be the truth.
Newcastle could announce the deal as being complete today and it would be the second successive transfer window in which Newcastle have made a profit, after making around £31M last summer..
What do you think?