Everton Could Pay Up To £1.5m For Leeds United Teen Luke Garbutt

Tribunal sets fee that could exceed £1m…

Sep 8, 2009 11:35:54 AM

More On :  Everton, Leeds
Goal.com logo

A tribunal has decreed that Everton must pay League One outfit Leeds United £600,000 - which could rise to £1 million - for 16-year-old Luke Garbutt after the player left the Yorkshire club earlier in the summer, having been trained at their academy.

Leeds were due compensation for the manner in which the transfer was conducted, but the two clubs agreed a tribunal could set the fee. The hearing was staged by the Professional Football Negotiating and Consultative Committee, made up of representatives from the various institutions that govern football in England - the Premier League, the Football League, the Professional Footballer's Association, and the Football Assocation.

Further to the initial £600,000, Leeds United could eventually re-coup up to £1,000,000, as added bonuses are in place should Garbutt make senior appearances for the Toffees.

Garbutt, a dynamic left-back, will be further educated within Everton's youth ranks, and academy manager Ray Hall claimed the transfer was "one for the future".

Hall told the club's official website, "We are all delighted to have Luke - he is an excellent prospect and he will be allowed to mature and learn his trade with our Academy staff and players. This is very much a transfer for the future for Everton.

"It's not an uncommon move to make - many Premier League clubs invest in young talent with a view to nurturing and developing them

"I know the manager [David Moyes] will be keeping an eye on his progress, as he does with all our boys, and if he looks ready to make the next step up then he may get his chance."

The tribunal released a statement indicating they reached the compensation fee when taking into account Garbutt's age, the amount of time he had spent at Leeds, training costs, terms initially offered between the clubs, and if there was any other interest in the player.

Alan Dawson, Goal.com UK
Follow Goal.com on Twitter
Follow Goal.com on Facebook
Thank you for your comment!
Please enter your name
Please enter your location
Please share your comment!
Comments
2 Comments
 
Advertisement
play pause open close
Inside Goal.Com
  1. Fabio Capello & FA differ on public perception Fabio Capello & FA differ on public perception

    The governing body played the populist game and lost a manager who still had English football's best interests at heart but would not accept responsibility without command

  2. The top 20 clubs in football's money league The top 20 clubs in football's money league

    Deloitte's annual publication of the richest sides in football sees a familiar Spanish duo stretch their advantage over England's finest in 2010-11

  3. How Capello's exit will affect England's players How Capello's exit will affect England's players

    As the national team enters a new era, we take a look at the players who are now destined for big things and those potentially heading for the scrapheap under a new boss

  4. Cartoon: Redknapp sentenced to England service Cartoon: Redknapp sentenced to England service

    Goal.com cartoonist Omar Momani gives us his unique take on the football news of the day ...

  5. The list of clubs that could try to sign Capello The list of clubs that could try to sign Capello

    Now that the Italian is no longer the England head coach, it is likely that a number of high-profile clubs from across Europe and elsewhere will make an attempt to lure him

 
Advertisement
Advertisement