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SBD Global/September 5, 2013/Finance

German Fourth-Tier Club Rot-Weiß Essen To Receive $1M From Mesut Özil Transfer

The €50M ($66M) transfer of German int'l footballer Mesut Özil from Real Madrid to Arsenal "is generating income for German fourth-tier club Rot-Weiß Essen," according to the DPA. Due to the fact the RWE was Özil's apprenticeship club, it "will receive a high six-digit compensation." The club for which Özil played from '00-05 will receive a compensation payment of around €800,000 ($1.05M). RWE Exec Chair Michael Welling said, "We will calculate how high the transfer fee exactly is and then bill Arsenal FC" (DPA, 9/3).
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