Liverpool to pay record compensation fee

·2-min read

Fulham will receive a record fee for a 16-year-old after a tribunal ruled Liverpool must pay up to Stg4.3 million ($A7.7m) for Harvey Elliott.

The PA news agency understands the Professional Football Compensation Committee ruled that the Premier League champions must pay an initial fee of Stg1.2m ($A2.2m) for Elliott, who made the move north to Anfield in July 2019 despite the clubs failing to agree on terms.

A further Stg300,000 ($A540,000) is due as a result of the now 17-year-old signing his first professional contract - something he did with the Reds last July - and another Stg200,000 ($A360,000) will be owed when the England under-17 international pens a second, which he is expected to do when he turns 18 later this year.

The fee could rise by another Stg2.6m ($A4.7) subject to a number of other clauses being met, based on cumulative first-team appearances and international recognition.

It is understood that for the full figure to be due, Elliott would need to play more than 100 games for Liverpool and earn a senior England call-up, while Fulham will have a 20 per cent sell-on clause.

The ruling is well short of the Stg10m ($A18m) plus add ons Fulham were understood to have hoped to receive for a player who has scored four times on loan at Blackburn this season.

Liverpool had reportedly offered Stg750,000 ($A1.4m) for Elliott, while Fulham wanted Stg8m ($A14.4m) for the highly-rated winger.

In a statement the Cottagers declared themselves happy with the outcome.

"After a full hearing, the PFCC has decided that Fulham should be entitled to substantial compensation," the statement said.

"The award (undisclosed) is a record amount for a 16-year-old player and, in the circumstances, Fulham is very pleased and thanks the PFCC for its careful consideration of the arguments we put forward."