Liverpool have released a statement on their official website after a decision was taken by the Professional Football Compensation Committee which declared that a £4.3 million payment was to be paid for the signing of Harvey Elliott.
The 17-year-old has been a Liverpool player for the best part of 18 months now, and is seems as if an agreement has finally been put in place with the Reds deeming the overall outcome to be “fair and thorough”.
The PFCC determined that the English champions must pay an initial £1.2m along with £300,000 directly to Fulham for Elliott, who is currently on loan with Blackburn Rovers.
An additional £200,000 is due to the London-based club when Elliott pens a second professional contract at Anfield, with further payments based on first-team appearances and a call-up to the England national team.
Fulham will also receive 20 per cent of any fee should Liverpool choose to sanction a future sale for the talented teenager.
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An agreement reached
A club statement read: “Liverpool Football Club respects the outcome of the PFCC’s fair and thorough process in this matter.
“We would like to thank the panel for their time and diligence in reaching a decision.
“We now look forward to welcoming Harvey back from his loan spell with Blackburn Rovers in the summer and helping him continue to build towards a long and successful career at Anfield.”
Fulham initially wanted an eight-figure for the versatile forward, who became the Premier League’s youngest-ever player at 16 years and 30 days old, after Scott Parker handed Elliott his top-flight debut in May 2019.
Fans have had an interesting reaction to this particular saga, with a number of supporters convinced the Reds have got themselves a steal following successful acquisition of one of the country’s rising stars.
One Kopite even went as far to say that this represents another financial masterstroke from Liverpool’s sporting director Michael Edwards.
Shrewd recruitment has been at the heart of Liverpool’s resurgence which has been spearheaded by the club’s irreplaceable manager Jurgen Klopp.
Liverpool may have spent in excess of £603 million in the past 10 years, but the club’s net spend in the last decade stands at £129m, per Football Observatory.
To put that into context, Manchester City’s net spend over the same period is about five times greater.
Much of this has been due to Edwards’ meticulous ability to orchestrate eye-watering deals for players who are only on the fringes of Klopp’s squad.
The likes of Christian Benteke, Mamadou Sakho, Dominic Solanke, Jordan Ibe, Brad Smith and Danny Ward have raised funds of more than £100m.
Because of this, it makes Liverpool’s £4.3m agreement to get a deal for Elliott over the line look like small change.
Reaction to a completed Liverpool and Elliott deal
And the Anfield faithful are certainly in agreement that Liverpool have made the right decision sanctioning a move for the current Championship starlet.