United get €16m Beckham lump sum

Manchester United have reached agreement with Real Madrid to receive £11m (€16m) of the transfer fee for David Beckham in a lump sum today.

United were originally due to receive a £12m (€17m) payment in equal instalments over four years but will now receive the money up front.

The club have already received £5m (€7.2m) of the £25m (€36m) fee with the rest being subject to Real’s performances in the Champions League.