Miguel Angel Ramirez, president of Las Palmas, has revealed that Barcelona have paid more than €20 million for the services of Pedri, saying that although the initial price of the deal was just €5 million, there were several variables in question as well.
Pedri signed for Barcelona in July 2020, joining the Blaugrana after a season with Las Palmas in the second division. The deal, in fact, was struck in September 2019 but was only made effective a year later.
Back then, it was reported that Barcelona had paid €5 million for the deal and the price was expected to increase if certain clauses in his contract were met.
The young midfielder, in his three-and-a-half years of tenure with Barcelona, has gone on to establish himself as a first-team regular and has also represented Spain 18 times.
Barcelona still owe Las Palmas
Barcelona were to pay Las Palmas the transfer in extreme instalments and Ramirez reveals that three instalments of €5 million have already been received from the team.
When asked about the total cost of the operation, the Las Palmas president told Cule Mania that one part of the payment was due when Pedri became the Spanish international.
“It exceeds €20 million. I can’t give you details because I don’t remember them exactly, but we have overcome that €20 million barrier.
“I think there were five when they signed him, three tranches of €5 million that have already been given, one for being international and some other variable that I don’t remember.
“The definitive transfer of Pedri to Barça ranges between €20-25 million,” he said.
Interestingly enough, one part of the payment was due when Pedri would make his 100th appearance with 45 minutes or more at Barça.
While he did reach the century in January this year, this exact clause was only fulfilled this season and this happens to be the final instalment Barcelona will pay for their star midfielder.