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CITY WELCOME STEER COMPENSATION

17 January 2014

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 £1.175m for young former City goalkeeper Jed Steer who joined them last summer.

A fee of £450,000 plus VAT is payable immediately, with an additional figure of up to £500,000 payable on appearances plus a further £225,000 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.”


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