Town will still make Chester payment
Ipswich Town will still have to make a financial payment to Chester City following yesterday’s sale of Jon Walters to Stoke City – despite the fact the club were wound up earlier this year.
IPSWICH Town will still have to make a financial payment to Chester City following yesterday’s sale of Jon Walters to Stoke City – despite the fact the club were wound up earlier this year.
Walters joined Town from Chester City in January 2007 for an initial fee of �150,000, with a sell-on clause also negotiated.
Chester City were wound up earlier this year, however, following Walter’s move to Premier League Stoke City for an initial fee of �2.75m it transpires Town will still have to make their sell-on payment
Blues Chief Executive Simon Clegg said: “I can confirm that while Chester City FC was wound up in March 2010 it remains a legal entity and is controlled by the Official Receiver.
You may also want to watch:
“I can also confirm that our respective lawyers have recently reached a mutually agreeable financial settlement in respect of the contracted sell-on clause in Jon Walters’ contract which was triggered by yesterday’s sale.”
- 1 'We've got to be better - myself included' - Cook on 3-0 loss at Northampton Town
- 2 'Loving and devoted' - Family pay tribute to mother-of-five found in park
- 3 Community thanked for helping seriously burned man at Hadleigh petrol station
- 4 Matchday Recap: Town beaten yet again as Blues flop at Northampton
- 5 Ratings: How the Ipswich Town players performed in their 3-0 defeat to Northampton
- 6 DHL driver apologises after 'dangerous' driving in Ipswich rat-run
- 7 Stu says: Five observations following Ipswich Town's 3-0 defeat at Northampton Town
- 8 Grandfather-of-two 'died with dignity' in hospice while serving life sentence
- 9 Have you seen this Suffolk pub’s new outdoor kitchen and bar?
- 10 'Nothing surprises me anymore' - Judge on Town departure