Joe Hart is set to join West Ham United on a loan deal with an option-to-buy clause and the Manchester Evening News have revealed the financial aspects of the deal.
It was believed that the England international completed his West Ham medical yesterday and a deal could be announced in the very near future, once some minor deals have been ironed out.
The MEN report that Manchester City will pay just under 50% of his £4.5 million salary, which equates to around £2million. The rest of Hart’s wages will then be funded by West Ham United.
The total cost of the loan is reported to be around the £4.5 million mark, which means that Manchester City will receive around £2.5million from West Ham once wages are deducted from that figure.
#mcfc expect to get a £4.5m loan fee from West Ham for Joe Hart.
— Martin Blackburn (@SunMartinB) July 18, 2017
However, Manchester City will still owe Joe Hart image rights, which will reduce the amount ultimately received for the loan deal, and if that surpasses the £2.5 million mark then Manchester City may well make a loss out of the deal overall.