IPSWICH Town have become embroiled in a bitter financial dispute with Swansea City.

IPSWICH Town have become embroiled in a bitter financial dispute with Swansea City.

The Suffolk club have reported the Swans to the Premier League over an alleged non-payment of invoices relating to Tamas Priskin’s loan to the Welsh club towards the end of last season.

Ipswich claim that Swansea have reneged on the deal struck between Town’s Chief Executive Simon Clegg and Swan’s Chairman Huw Jenkins relating to payment of Priskin’s wages and – in particular – sums due as a result of Swansea’s promotion to the Premier League via the Championship play-offs.

The East Anglian Daily Times and Ipswich Evening Star believes the deal was that Ipswich would receive �20,000 if Swansea finished in the top six, a further �40,000 if they won their semi-final tie and �100,000 more if they were to be promoted via the final. Altogether that’s �160,000.

Priskin made just four substitute appearances for the Swans, scoring one goal, before the spell was cut short due to injury.

An Ipswich Town club statement tonight read: “The loan agreement made provision for Swansea City to pay for Priskin’s wages up to 31st May 2011 even though he became injured whilst at Swansea on 22nd April. Furthermore, the contract provided for cumulative payments for each stage of the Play Off competition.”

Commenting on the situation, Simon Clegg said: “”I am hugely disappointed that a legally binding agreement reached in good faith by both clubs as part of Swansea’s final push for promotion is now being disputed.

“I am genuinely delighted for Swansea City and their fans but the attempted re-negotiation and deliberate misinterpretation of agreed terms by their chairman is not fitting for a club which has just secured the ultimate prize in Championship football and with it a �90million windfall.

“Tamas arrived in Swansea fit and became injured whilst under their care. That’s football, but contracts have to be honoured and I have absolutely no interest in re-negotiating the agreement.

“As a result of Swansea refusing to pay our invoices, I have reported them to the Premier League, sought an immediate transfer embargo and am now seeking full payment of all outstanding sums with the agreed contractual interest rate of 5% above base.”

Swans chairman Jenkins, who is currently out of the country, replied: “In response to Ipswich Town ‘s statement, as a club we are completely unaware of any dispute with Ipswich.

“Myself and Simon Clegg talked a few weeks ago regarding the situation of Tamas Priskin returning early from his loan spell, but there has been no correspondence since.

“While we are surprised and disappointed with Simon’s statement, we will address the situation and speak to him and Ipswich early next week.”