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Man City to take big hit on Caicedo sale to Levante

Manchester City are taking a massive hit on the sale of Felipe Caicedo to Levante.

The Mirror says City will take a £4.4million hit on forgotten striker Caicedo by selling him to Spanish side Levante in the summer for just £850,000.

But they could miss out on a windfall as the La Liga outfit plan to then stick him up for sale for £4m as soon as they land him.

Levante can snap up the 22-year-old Ecuadorian for the reduced fee as part of the loan deal they agreed with City last summer.

Since then, Caicedo has taken the Spanish league by storm - hitting a club record 11 goals in 19 games and capturing the eye of Atletico Madrid in the process.

 Click here for the No1 coverage of all the gossip and transfer news around Manchester City.

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