Manchester City took their summer spending to a staggering £120m tonight when they resolved a late hitch over Joleon Lescott's protracted move from Everton to add the England international to their ranks for an initial £22m.
The 27-year-old has signed a five-year contract worth £90,000-a-week with City, having passed a medical on Monday afternoon only for the deal to be put on hold for 24 hours due to a dispute over payments owed to the defender's representatives. A further round of talks broke the impasse this evening and Lescott could make his debut for Mark Hughes' team against Portsmouth at Fratton Park on Sunday.Lescott's fee will eventually rise to £24m providing additional targets are met during his stay in Manchester.
Mark Hughes commented on the signing:
"I am absolutely delighted to welcome Joleon to Manchester City. He is an England international who has proved his Premier League ability during his time at Everton," said the Blues boss.
"In bringing Joleon to the Club I feel we have recruited a defender of the very highest quality. He can play in a number of defensive positions, and I’m positive he will make a significant impact for us."
Lescott will be officially unveiled tomorrow morning, and I'll post something more in depth at some stage following that.