31 August 2024 , 08:07
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Manchester United have confirmed the £50 million signing of Manuel Ugarte from Paris Saint-Germain.
The 23-year-old midfielder is Old Trafford’s fifth signing of the first summer window under the new INEOS regime.
Manu ???? @ManUtd
— Manchester United (@ManUtd) August 30, 2024
Welcoming a new face in M16: @ManuUgarte8 ????#MUFC
He has signed a five-year deal with the clubCredit: Getty
United agreed on a £50.42million package, involving an initial fee of £42m, plus an additional £8.42m in bonus-related add-ons.
Ugarte put pen to paper on a five-year deal, and PSG have included a 10 per cent sell-on clause.
The Uruguay international completed his medical on Thursday after financial terms between the clubs were finally agreed amid a topsy-turvy wait.
He is United’s fifth senior signing of the summer after Joshua Zirkzee, Leny Yoro, Matthijs de Ligt and Noussair Mazraoui.
But becomes their first midfield reinforcement with academy graduate Scott McTominay, 27, set to join Napoli for £25m.
After signing his contract, Ugarte said: "It is an incredible feeling to join a club of this magnitude; one that is admired all around the world.
"The project that the football leadership discussed with me is extremely exciting; Manchester United is an ambitious club and I am an ambitious player.
"The passion of supporters is something that is very important to me; I know how incredible United fans are and I cannot wait to experience Old Trafford.