EXETER City say the “disappointing” verdict of the Professional Football Compensation Committee (PFCC) over Ethan Ampadu’s move to Chelsea gives the wrong message to clubs working to bring on talented home-grown players.
The decision taken by the PFCC means Exeter’s total compensation is up to £2.5m: a guaranteed sum of £1.35m, of which £1.3m is payable up front, and contingent sums of a further £1.2m depending on the player’s first team appearances with Chelsea, together with 20 per cent of any excess.
The detail states that: “Chelsea Football Club should pay Exeter City an initial net fee of £850,000. In addition to the initial payment a fee of £450,000 is also payable. This fee incorporates an amount for the player signing a first professional contract, making five first team appearances and obtaining a senior international cap.”
Exeter will receive further sums of £250,000 when Ethan reaches 10, 20, 30, 40 and 50 first team appearances (substitute or starting) for Chelsea and should he leave the club prior to that, Exeter will be paid on a pro-rata basis on the number of appearances made. Exeter have also been given a 20 per cent sell-on fee should Ethan leave Stamford Bridge.”
Exeter City chairman Julian Tagg, who was at Wednesday’s hearing, said: “Whilst the Club recognise, that the compensation fee is not a transfer fee, but instead to reward the club for its investment in training and development, and the tribunal has awarded Exeter significant contingent sums, to say that we are disappointed is an understatement.
“We are disappointed for our fans, our academy, which works so hard on producing talented young players like Ethan and for our management and coaching team who help bring these players into the first team and beyond to include supporting the work of the FA in its objective to produce international players of the highest quality which we believe we have done.
“However, first and foremost, we are disappointed for football as we feel this decision sends the wrong message in terms of financial reward for those chairman, managers and coaches up and down the country who are also working as hard as us to improve their clubs by producing talented home grown players for both club and country.”