For the past 12 months, Ciro Immobile's whereabouts have been quite the interest to some. After lighting up Serie B with Pescara and helping them earn promotion, he got his first legitimate taste of Italy's top flight with Genoa. Hod did that go? Eh, not so well — not only in terms of team success, but personal performances as well.
And now, Immobile's heading to his third team in as many seasons.
Juventus confirmed the Italy Under-21 international striker would be on his way to cross-town rivals Torino, a move long talked about when it comes to another recently-completed move by the current Scudetto holders. Here's the press release from Juventus with all the good details:
Juventus Football Club S.p.A. announces that it has terminated in its favour the current player sharing agreement with Genoa Cricket and F.C. S.p.A. (ex art. 102 bis N.O.I.F.) concerning the registration rights of the player Ciro Immobile.The sum for the termination has been set at € 2.75 million to be paid by Juventus in 3 years.
Juventus Football Club S.p.A. announces the disposal to Torino Football Club S.p.A. of the registration rights of the same player for a consideration of € 5.5 million to be paid in 3 years. At the same time, Juventus and Torino signed a player sharing agreement (ex art. 102 bis N.O.I.F.) related to the same player for a consideration of €2.75 million to be paid by Juventus in 3 years.
So, to recap...
-- Juventus buys 50 percent of Immobile's contract from Genoa.
-- Juventus sells 50 percent of Immobile's contract to Torino.
What you may be asking yourself now is, "Why didn't Ciro go to Torino in the Angelo Ogbonna deal?" Well, that's a very good question, folks. It's not officially part of the Ogbonna deal, but you have to think it basically was. Juve basically did the same thing when they signed Leonardo Bonucci three summers ago in 2010 and gave Genoa full ownership of another young-ish player,. defender Domenico Criscito. Torino gets the money, and selling half of Immobile's contract to them allows there to be a little bit of money coming back to Juventus Stadium.
Two different deals, one objective when it comes to a discount on a transfer.
And for Immobile's sake, hopefully it goes better than the previous co-ownership deal with Genoa went.