Danny Ings joins Liverpool: Why will the Reds have to pay over £5m in compensation for out-of-contract Burnley striker?

Ings has run down his contract with Burnley but Liverpool will still have to pay a large fee to complete his transfer

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The Independent Football

Liverpool have announced that they have agreed a deal with Burnley striker Danny Ings to sign him when his contract expires on 1 July.

However, despite Ings being close to becoming a Liverpool player subject to a completed medical after running down his contract, the Reds will still have to pay millions to sign him.

That’s because Premier League rule V.17.2 – commonly referenced to as a “Form 30” – means that any player under the age of 24 who leaves a club to join another English side will be eligible for a compensation fee providing they offered that player a new deal.

 

Burnley approached Ings in the hope that they could persuade him to stay at the club and lead their attempt to return to the top flight at the first time of asking following relegation last month, but the England Under-21 made it clear he had no intention of remaining at Turf Moor.

Given that the Clarets made the offer to Ings, Liverpool will have to pay them a hefty compensation fee, thought to be between £5m and £6m.

Danny-Ings.jpg
Burnley striker Danny Ings will join Liverpool in July

Burnley confirmed on Monday that they have rejected Liverpool’s offer, but will continue in talks with the Anfield club over the fee. Should the two clubs fail to reach an agreement, the decision will go to an independent tribunal who will set the fee that Liverpool must pay.

"Burnley Football Club has rejected an offer made by Liverpool but will continue to have dialogue with the club in order to reach a resolution over the fee," said a Burnley statement.

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