The previous post said that Southampton stand to earn money from the transfer of Peter Crouch from Liverpool to Portsmouth, thanks to a clause in the players contract from when the Saints sold him to Liverpool.
However I don’t expect Chairman Rupert Lowe to be ecstatic, having earlier negotiated an early payment from Tottenham for the balance of the Gareth Bale fee. Bale joined Tottenham for an initial payment of £5million with another £5million subject to appearances. As Bale has spent most of the season injured he is hardly clocking up appearances.
So cash strapped Southampton have negotiated with Spurs for some form of early payment, rather than wait for Bale to fulfill his promise. Lowe has reported that he has accepted an early settlement, part of which is goalkeeper Tommy Forecast.
Southampton allegedly struck a similar deal with Arsenal last season for Theo Walcott, that deal reportedly cost the club £2.9million!
Lowe told the club’s official website, www.saintsfc.co.uk: “I am always reluctant to forego any future income but given our current financial situation, we must do all we can to go into the new season as robustly as possible.”
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