Manchester City face £10.4m loss on Nolito if transfer goes through, talks ongoing

Last night, we brought you news from Spain that Real Betis had entered talks with Manchester City over a deal to sign winger Nolito this summer.

The Seville-based club are said to be optimistic of closing a deal for Nolito, and the BBC is now confirming that talks are being held between the two clubs.

The new piece of information from Simon Stones’ article is that a fee of £3.4 million is being discussed for the 30-year-old Spain international. This would mean City taking a £10.4 million loss for a player who was considered a bargain when the Blues triggered his £13.8 million release clause last year.

A potential stumbling block remains in this deal, one we’ve become all too familiar with since the 2008 takeover. Nolito earns an estimated £100,000-a-week, a salary that Betis absolutely cannot pay. Both the BBC and AS in Spain believe this could be a serious problem, while the local sources who broke the news yesterday reckon all parties are happy to compromise, with City paying part of his wages and Nolito accepting a reduction.

Nolito is said to have rejected a move to the Chinese Super League in January, something that in hindsight City, if not the player himself, will rue if they only manage to earn £3.4 million from his sale this summer.

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