Real Madrid announces signing of Endrick, here's how much Palmeiras attacker will be paid | Business Upturn

Real Madrid announces signing of Endrick, here’s how much Palmeiras attacker will be paid

The 16-year-old attacker will sign with the European and Spanish champions in July 2024.

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Real Madrid confirmed on Thursday that Endrick, a Brazilian teenager prodigy from Palmeiras, and the club had signed an agreement.

The 16-year-old attacker will sign with the European and Spanish champions in July 2024 as a result of FIFA regulations that forbid minors from travelling overseas to play football. Real Madrid and Palmeiras declined to say how long the deal would be, but they did say that the player will be visiting the club’s facilities in Spain the next week.

One of the most promising players in the world, Endrick is still only 16 years old. Although both parties have agreed to sign three additional years once they are legally able to, the Los Blancos will reportedly pay about €65 million to sign him and he will only be able to sign a three-year contract, as reported by Managing Madrid. If all goes according to plan during his development, Endrick will start as Real Madrid’s striker for many years to come.