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buy-back
/ ˈɪˌæ /
noun
commerce the repurchase by a company of some or all of its shares from an investor, who acquired them by putting venture capital into the company when it was formed
Example Sentences
Manchester City had a buy-back option after selling Delap for £20m last summer, but opted not to use it.
Manchester United, Everton, Newcastle and Nottingham Forest were among the clubs to have shown a serious interest in Delap, who was made available for £30m when Ipswich were relegated, while Manchester City also hold a buy-back option.
Previously, multiple sources told BBC Sport that Delap was expected to be available for £40m in the summer - with his previous club Manchester City holding a 'buy-back' fee at that price.
City had a £40m buy-back agreement on Delap when they sold him to Ipswich last summer.
City are notoriously prudent at inserting clauses into sales to ensure they get sell-on value and there will definitely be a buy-back clause in the contract too, although how much it is, is difficult to say.
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