Leicester make £33m profit on Wesley Fofana as defender joins Chelsea - David Ornstein
Leicester have reportedly made a £33m profit on French centre-back Wesley Fofana after his switch to Chelsea, according to David Ornstein.
The Foxes, who have a reputation for receiving good fees for their star assets, bought the defender from St Ettiene in 2020 for a reported £36.5m fee. [The Guardian]
However, the report from Ornstein confirms that the club received a £69.5 fee from Chelsea meaning the club made a £33m fee on the defender.
The sale of Fofana is just another example of how the club continue to stay at the top by making huge profits on their top assets.
Leicester have always had an eye for talent, whether they are poaching promising players from other clubs or finding gems within their own youth academy.
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They have established themselves as a club that routinely make huge profits on these players and this sustainable model has helped them stay in contention for European football for more than six years now.
Players like Harry Maguire, Ben Chilwell, Riyad Mahrez, N’Golo Kante and now Fofana were all bought by the club, nurtured into top players and sold for astronomical profit.
The sales of Maguire, Chilwell and Mahrez in particular are big examples of this as this trio were sold on for a combined amount of £184.48m. [Transfermarkt]
The £65.97m profit made on Maguire, the £60.57m profit made on Mahrez and the £24.12m profit made on Kante signify a club that is run well. [Transfermarkt]
Of course, losing a player like Fofana is huge, but the club have lost major stars before and replaced them and this will be no different.
They have made a significant profit on him as they always seem to do and now they are tasked with unearthing the next hidden gem and turning him into a star.
In other Leicester news, Wesley Fofana has thanked Gary Lineker for wishing him well at Chelsea.