Alexander Sørloth’s transfer from Midtjylland to Crystal Palace has been trumpeted as a record deal for any Danish club but with an initial fee of £9 million having been agreed for his services, their local press have been digging into the milestones which will unlock the additional bonuses attached to the deal.
Given his age (22) and lack of truly top class experience, Sørloth will have a rather steep learning curve in the Premier League but if he does hit the ground running in red and blue, it looks as though the overall fee could skyrocket to £16 million before too long.
Indeed, two hefty instalments of the bonus structure come into play if Palace avoid the drop this season and next, regardless of what Sørloth does for us in the intervening period, whilst we’ll also be due to stump up cash when he reaches the landmark of 25 and 50 appearances for us respectively. Of course, if he does manage to reach those milestones in rapid fashion, it will mean he’s performing well, which should in theory, help towards us retaining our status in the top flight but these things and seldom as straightforward as they seem.
The final checkpoint of the deal sees Palace having to give up 25% of any profit they make on the Norwegian international’s sale which may sound like pie in the sky now but could end up stinging if he really does start to pull up trees on these shores. A hypothetical fee of £25 million in 18 month’s time could see the Eagles having to hand an extra £4 million over to Midtjylland, leaving the Danes laughing all the way to the bank over a deal for a player they signed just six months ago.
Obviously, the financial rewards that come with Premier League survival mean that Sørloth will be worth his weight in gold if he does start banging goals in on a regular basis it’s always wise to exercise caution. With the Palace faithful still waiting to get their first glimpse of the new boy in red and blue, it’s difficult to know just how well he’ll do at Selhurst Park.
There’s undoubtedly a lot of goodwill towards him from our fans and plenty of experts across Scandinavia who expect him to flourish, now all he’s got to do is turn that potential into reality.
No pressure big man.