Toulouse FC is about to flip a defender for roughly six times what it paid. Charlie Cresswell, the 23-year-old English centre-back who arrived from Leeds United for around €4.5 million just two years ago, is set to join Stade Rennais FC in a deal valued at approximately €28 million, including €3 million in potential bonuses.

The deal structure and who gets paid

Rennes has agreed in principle to a €25 million base fee plus €3 million in performance-related bonuses for Cresswell. He’s expected to undergo a medical before signing a five-year contract with the club.

But Toulouse isn’t the only winner here. Leeds United, Cresswell’s former club, holds a 15% sell-on clause from when they sold him in July 2024. That entitles Leeds to approximately £2.6 million, or around €3 million, from this transaction.

Why Cresswell’s value exploded