Liverpool: Tribunal rules record payment due to Burnley in Ings case

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The Premier League has a new compensation record, as Burnley has received close to $12 million for Liverpool’s signing of Danny Ings after a tribunal’s ruling.

Ings, 23, was a transfer rumor mill mainstay but stayed through his contract at Turf Moor, earning the right to go anywhere on a free transfer.

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But clubs have to pay compensation when signing players who are under the age of 24, and Burnley will get money from Liverpool.

From the BBC:

Burnley chief executive David Baldwin said: “This is an unprecedented record payment for training compensation and not a transfer fee.

“As the initial fee decided by the committee represents almost double the previous record for a tribunal, this fully justifies our decision to press ahead with what we felt was a fair reflection of the part Burnley played in Danny’s development.”

The Clarets will also receive 20 percent of any sell-on fees should Ings move to another club, and Bournemouth stands to make a small percentage as well. The Cherries sold Ings to Burnley in 2011.