Leicester City attacking midfielder Bilal El Khannouss is set to join VfB Stuttgart on a permanent basis.
Following Leicester City’s relegation to the Championship last season, the Moroccan international wasn’t keen on playing in the second division. While rival clubs Crystal Palace and Newcastle United were ready to offer him an opportunity to stay in the Premier League, the Foxes were not ready to let him join an English club.
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Bilal El Khannouss to join VfB Stuttgart permanently
VfB Stuttgart spotted an opportunity and secured his services on loan last summer. The 21-year-old has been doing wonders for the German outfit, and according to Bild via SportWitness, Bilal El Khannouss will not be returning to Leicester. His move to Stuttgart will be made permanent in the summer.
His loan move to the Bundesliga had a conditional obligation and as per the report, it has been triggered. The Moroccan international has been involved in 32 games for the German outfit and has even contributed towards 12 goals.
The buy obligation was dependent on the number of appearances and since it has been triggered, Leicester will now receive €18 million. Given their financial difficulties, it is a massive boost for them.
El Khannouss exit offers financial relief
The Foxes had received €3.5 million as a loan fee last summer, which means they have recouped €21.5 million out of the reported €24.3 million they paid to sign him from Genk. The final fee could rise further depending on bonuses, and Leicester have also secured a buy-on clause.
While the Championship outfit won’t receive any payment until the summer, it does help their cause as they can borrow against it. The Moroccan international is set to sign a deal until 2030, which includes a salary worth €3 million.
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