Manchester city striker, Stevan Jovetic has completed a loan move to Inter Milan although the Italian Club are obliged to purchase him at the end of the loan for a fee around £14.25Million.
The move was sealed after he passed a medical on Tuesday and both clubs reached an agreement on a fee. Inter will pay a £2 million loan fee for Jovetic and are obliged to pay a further £10.25 million when they purchase him, much as Valencia, the La Liga club who borrowed Alvaro Negredo from City last year, also committed to buying the Spanish striker as part of that deal.
In addition to the loan and purchase fees for Jovetic, City will receive up to £2 million in bonuses, with Inter paying £1 million per league title or £750,000 per Champions League qualification, while the former Premier League champions have a 20 percent sell-on fee.
Jovetic bid farewell to the supporters of his former club, saying in an Instagram post: “I would like to thank my teammates, staff and people from the club for this 2 years…was a great pleasure.”
