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Cresswell Compensation Set
Cresswell Compensation Set
Wednesday, 14th Sep 2011 17:49

Town will have to pay Tranmere compensation of £240,000 rising to £520,000 based on appearances and promotion for left-back Aaron Cresswell, this afternoon’s tribunal in Manchester has decided. The 21-year-old free agent joined the Blues in the summer, signing a three-year deal, with Rovers entitled to compensation as the Liverpudlian is under 24 and had been offered new terms by the League One club.

Having shelled out the initial fee the Blues will have to pay £45,000 after Cresswell makes 15, 30, 45 and 60 appearances, a further £100,000 should Town reach the Premier League this season or in the next two campaigns, plus 20% of any profit made from any future sale.

Tranmere chairman Peter Johnson, who was joined by his club’s chief executive Mick Horton, manager Les Parry and chief scout Dave Philpotts at the hearing, admitted to being disappointed by the figure: "Although it didn't meet our expectations I am pleased with the result of the tribunal.

"Aaron Cresswell is the sort of player who will fulfil their requirements and will no doubt appear in the 60 games we need to maximise the additional income."

Town boss Paul Jewell, who attended the hearing along with chief executive Simon Clegg, Cresswell himself and club secretary Sally Webb, said he was pleased to get the matter settled: "We didn't want to go to tribunal and we are glad it's done and dusted now.

"We are not unhappy with the verdict and I'm just pleased we can move on now because I think it was playing on the mind of Cressy a bit.

"The most important factor is that the lad is an Ipswich Town player and continues to develop as a player here.

"He's impressed everyone since he's been at the club and if he keeps working hard, then he has all the assets to become a top class player."

Clegg says the committee's decision is midway between Town's offer and what Tranmere were hoping for: "Like Paul says, I am disappointed that it went to a tribunal.

"We would have liked to have come to an agreement with Tranmere before but having presented our case, we are satisfied with the outcome.

"The decision falls near enough exactly in the middle of what Tranmere wanted and we offered," he continued.

The Football League’s tribunal procedure is run by the Professional Football Compensation Committee (PFCC), who based the figure on the costs relating to training and developing the player, Cresswell’s age and playing record, his time at Prenton Park, the two clubs’ status, the terms offered the defender by both sides, previous decisions made by the committee and interest from other clubs.

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ITFC4daprem added 17:55 - Sep 14
great deal
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1979blue added 17:55 - Sep 14
fair enough, happy with that.
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Smithy added 17:55 - Sep 14
Bargain
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OsborneOneNil added 17:55 - Sep 14
Result.
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TractorBeezer added 17:57 - Sep 14
Sounds good Does anyone know what our previous highest offer was?
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fourth added 17:58 - Sep 14
A bargain.
Give him an immediate benefit match, freedom of the Town and an open bus tour. Polish his boots, send his gran a telegramme and give him unlimited vintage Tolley Cobbald
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hampstead_blue added 17:59 - Sep 14
.....as chips.
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HighgateBlue added 18:08 - Sep 14
That's a great deal. I think Clegg deserves some credit for this, frankly.
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suffolkpoker added 18:13 - Sep 14
thats a steal.. :) well played Mr clegg and PJ
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JordyBeef added 18:14 - Sep 14
Am happy with that!
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EatonBlue added 18:14 - Sep 14
fair enough although seems a bit complicated
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MaySixth added 18:16 - Sep 14
happy with that
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Mark added 18:28 - Sep 14
I think we have got a real bargain, he looks well worth that money. Let's try to find more Cresswells (not left backs, but I mean young League One players who can make the step up!).
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OrkneyBlue added 18:34 - Sep 14
A bargain right enough, in fact so far looks like a flippin steal.
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Guthrum added 18:36 - Sep 14
Bargain! Worth all of that and more on what we've seen from Cresswell so far.
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Garv added 18:42 - Sep 14
If I had to say, Blackpool was the worst and only under par performance he's made so far so credit the lad, still young and looks to have a great future.
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SouperJim added 18:42 - Sep 14
So I guess we were offering something like £250k and tranmere wanted £750k. To be honest he looks like being well worth what we've paid and probably more.
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Daleyitfc added 19:05 - Sep 14
We offered less than that? Yet pay loads more for total crap? Almost everything we do now, as a club, is wrong.
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alexharban added 19:17 - Sep 14
what a bargain, probably the best player weve signed and at one of the cheapest prices...id have been satisfied with around the 900k mark
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das_bones added 19:20 - Sep 14
That is the best bit of business the club has done for a long while! A good player with the abilty to become a great player.
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petermorris added 19:20 - Sep 14
Well done 'Fourpee'.
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RegencyBlue added 19:21 - Sep 14
Best result of the season so far!!!
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petermorris added 19:23 - Sep 14
DaleyITFC - get an early night - you need it.
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DanPage123 added 19:24 - Sep 14
awesome! thats such a good deal, he's easily been one of our best players so far this season, just hope Jewell can get the best out of him and I'm confident he can!
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Back_The_Boss added 19:46 - Sep 14
Great deal.
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