City fork out for Sturridge
An appeals board have ordered Manchester City to pay up to £200,000 for academy striker Daniel Sturridge. A 10% sell-on fee has also been added.
The talented teenager, who was said to have attracted attention from the likes of Arsenal, Spurs and Chelsea last season - the latter reportedly putting in a bid of £1m - starred in last season's FA Youth Cup run and City look set to reap the rewards in the near future as he approaches first team contention.
Sturridge spent only a short time at Coventry City as a thirteen year old and Coventry's finance director Mal Brannigan explained that with this in mind the outcome of their appeal was good news for the Championship club.
'We are very satisfied with the settlement which we think is excellent considering it is based on a 13-year-old who was with us for just 14 months,' said Coventry's finance director Mal Brannigan.
'We are to receive £30,000 now and then a further £30,000 after the lad makes five first team appearances, £30,000 again if he makes 15, a further £30,000 if he makes 25 and a final £30,000 if he makes 40 first team appearances.
'On top of that, we will receive £50,000 if he goes on to make a senior international appearance, and will get 10 per cent of any sell on.'
(Do you think this is a fair sum of money for Sturridge, and do you think Pearce should now be considering giving him his debut given City's current striker problems?)