A tribunal has finally determined the sum Liverpool FC will have to pay to Burnley as a compensation fee for striker Danny Ings and it is said to be a record £6.5 million.
Ings had joined the Merseyside club from Burnley last summer when Brendan Rodgers was at the helm on a free transfer, but as at the time of the transfer Danny Ings was 22-years old meaning Burnley were owed a compensation for his development and the tribunal has finally come to a conclusion 9 months later.
The Reds have now confirmed that they will pay Burnley a record £6.5 million, and an additional £1.5 million in add ons depending on the strikers performance. They will also have to give Ings’ former club 20% of any future fee if the striker were sold to another club in the future.
The club made a statement saying: “Liverpool Football Club would like to thank the PFCC panel for their time and diligence in deciding this matter. We believe the process was conducted fairly and we respect the outcome. We are pleased for Danny Ings, in particular, that this chapter is now complete and he can now look forward to a long and successful career at Liverpool.”
The news would surely bring smiles to promotion hopefuls Burnley, as the £6.5 million would come in handy if they get promoted. Liverpool would feel frustrated though as Ings suffered cruciate ligament damage in October and hasn’t played for the club since then.