Football
Richard Jolly, ESPN.com writer 10y

Gareth Barry move nets City £2m

#INSERT type:image caption:Barry has made his switch to Goodison permanent. END#

Manchester City will receive two million pounds from Everton after the Merseyside club's completion of the permanent signing of Gareth Barry.

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Former England international Barry, who spent last season on loan at Goodison Park, has joined the Toffees on a free transfer.

But although he was out of contract, the terms of the loan agreement struck last summer meant City would receive a fee rising from one million pounds if he joined Everton on a one-year deal to two million pounds for the three-year contract he has signed.

The payment will help City balance the books after they were found guilty of breaching UEFA's Financial Fair Play rules.

They are limited to a 49 million pound net spend over the next financial year and have already brought in three players.

Right-back Bacary Sagna came on a free transfer, but goalkeeper Willy Caballero cost a reported six million pounds and midfielder Fernando arrived for 12 million.

City, who are also looking for a central defender, had not brought in any money in the transfer market until Barry signed for Everton.

The 33-year-old, who was a 12 million pound signing from Aston Villa in 2009, made 175 appearances for City but did not feature after Manuel Pellegrini's appointment as manager.

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