Jewell satisified with Cresswell fee
IPSWICH Town boss Paul Jewell admitted he was satisfied with the Blues having to fork out �240,000 - rising to �520,000 – for young full-back Aaron Cresswell.
The Professional Football Compensation Committee today ruled on compensation for the 21-year-old after Town and his former club Tranmere Rovers could not agree on the fee.
Speaking after the hearing, Jewell said: “We didn’t want to go to tribunal and we are glad it’s done and dusted now. We are not unhappy with the verdict and I’m just pleased we can move on now because I think it was playing on the mind of Cressy a bit.
“The most important factor is that the lad is an Ipswich Town player and continues to develop as a player here. He’s impressed everyone since he’s been at the club and if he keeps working hard, then he has all the assets to become a top class player.”
Despite signing a three-year deal with the Blues in July after turning down a new contract at Rovers, the Prenton Park club were entitled to a compensation payment as Cresswell was under the age of 24.
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During the meeting in Manchester this afternoon - which prevented Jewell from seeing the Blues’ training match against Gillingham – both clubs gave their arguments before the panel agreed a fee that virtually fell exactly between the two claims, according to a Town spokesman.
Chief executive Simon Clegg, who attended the hearing along with Jewell, said: “Like Paul says, I am disappointed that it went to a tribunal. We would have liked to have come to an agreement with Tranmere before but having presented our case, we are satisfied with the outcome.
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In addition to the initial fee of �240,000, the tribunal decided that an additional �45,000 should be paid in respect of the player making 15, 30, 45 and 60 appearances for Ipswich.
Town will also have to pay �100,000 should they get promotion to the Premier League in this season or the next two seasons while Tranmere will receive 20% of any profit made by Ipswich in selling the player to another club at any point in the future.
Rovers chairman Peter Johnson said: “Although it didn’t meet our expectations I am pleased with the result of the tribunal. Aaron Cresswell is the sort of player who will fulfil their requirements and no doubt appear in the 60 games we need to maximise the additional income.”