Everton confirmed earlier today that striker Cenk Tosun has completed a loan move to fellow Premier League side Crystal Palace for the remainder of the 2019-20 season.
The forward has been looking to get more playing time with a view to ensuring his spot in the Turkey squad for the upcoming Euro 2020 tournament this summer. He has only two starts for the Blues this season, and has played just 328 minutes and one goal in eight appearances as he has been pushed aside by Dominic Calvert-Lewin and lately Moise Kean.
The Toffees are desperate to move some fringe players in the squad during this January transfer window to allow new manager Carlo Ancelotti to bring in reinforcements, particularly in defence and midfield.
Tosun is on a four-and-a-half-year contract having joined the Blues in January 2018 from Besiktas for a sum of £27 million, and has been reported to be earning £60,000 per week.
Turkish journalist Fırat Günayer (via SportWitness) is saying that Everton and Crystal Palace do have an agreement on a buyout sum should the London side choose to make the transfer permanent.
Son dakika!!— Fırat Günayer (@firatgunayer) January 10, 2020
Everton, Cenk Tosun’u 20m euro satın alma opsiyonuyla, 5 aylığına Crystal Palace’a kiraladı..
While Everton will be taking a £10 million loss on the £17m sum mentioned, as far as the financial books are concerned transfer fees are amortized over the length of the contract offered and he has cost the Blues £12m for the two years he’s been here, and is still ‘worth’ £15m. Taking his £3m annual wages annual wages off the books is an additional impact to that.
Palace manager Roy Hodgson has had his eye on Tosun for some time now, and there was talk over the summer of this transfer happening at the time as well. The Eagles sit in 9th place in the Premier League three points ahead of the Toffees, but have struggled for goals - their 19 goals scored is the second lowest in the entire league and the 28-year-old forward should have plenty of opportunity in the remaining 17 league games to make an impression for Palace.