Villa to pay up to £1.175m for goalkeeper
CITY can confirm the Professional Compensation Committee has ruled that Aston Villa must pay a fee rising to a maximum of ÂŁ1.175m for young former City goalkeeper Jed Steer who joined them last summer.A fee of ÂŁ450,000 plus VAT is payable immediately, with an additional figure of up to ÂŁ500,000 payable on appearances plus a further ÂŁ225,000 should the former England youth international make Under-21 and senior international appearances.
The committee also agreed a 20% sell-on fee for City should the player transfer from Aston Villa to another club.
City Chief Executive David McNally commented: “We are extremely pleased with the outcome of this matter after a very fair hearing with the Professional Compensation Committee.”