A tribunal was held in Manchester on Tuesday to determine how much the Clarets were entitled to for their development of the England international, who moved to Anfield in the summer as a free agent.
The amount eclipses the the £3.5m plus £3m in add-ons that Manchester City were awarded through the same process when Daniel Sturridge moved to Chelsea in 2009. They also pocketed 15% of the striker’s £12m transfer fee when he joined Liverpool in January 2013.
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Burnley were hoping to receive a sum in excess of £10m for Ings, citing a bid from Tottenham of £12m, with the Reds initially offering £4m upon completion of his signing.
Due to the disparate valuations, the Professional Football Compensation Committee had to rule on the matter, and Liverpool feel their decision is fair.
Burnley chief executive Dave Baldwin revealed the Championship outfit handed in “a documentation bundle of probably in excess of 400 or 500 pages with witness statements, evidence, analytics about player performance, the statement as to why we make a judgement as to what we believe the player is worth, compared to what Liverpool want to offer.”
He also welcomed what he labelled an “unprecedented record payment for training compensation.”