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Manchester City present £12.2 million bill to Inter for money owed

Manchester City will present Inter with a bill for £12.2 million for striker Stevan Jovetić, after he appeared in the Nerazzurri’s win over Pescara last weekend.

The Montenegrin joined Inter on an 18-month loan deal in July 2015 for a fee of €2.5 million, with a conditional obligation of redemption for €14.5 million. This would be activated if Inter were ranked 17th or better in December 2016 or if Jovetić made a competitive appearance for Inter in 2016–17 season. And according to Gazzetta dello Sport, City now expect a big payment from the Serie A club following his weekend appearance.

Jovetić’s appearance off the bench for the Italian side now means they must pay Manchester City the amount agreed upon, meaning their total investment in the 26-year-old is €17 million (£14.5 million). It will also provide City with some income, most likely to be paid in January or next summer, after a summer of heavy investment but little in the way of sales.

Jovetić has been a disappointment since his move to Inter, scoring 7 goals in 28 games, but failing to live up to expectations under Roberto Mancini, who has since been replaced by Frank de Boer. Inter tried to sell ‘Jo-Jo’ during the summer to avoid paying the full amount that would be owed to City if he appeared this season. A move to former club Fiorentina fell through and his appearance against Pescara means he now becomes a permanent Inter player.

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