March 11 2014 Latest news:
Friday, January 17, 2014
Norwich City are “extremely pleased” with the result of the Premier League’s tribunal to finally settle Jed Steer’s summer switch from Carrow Road to Aston Villa.
The 21-year-old academy product opted for the move to reunite with former City boss Paul Lambert at Villa Park, after turning down a new contract from the Canaries. But due to being under the age of 24, City were still entitled to a fee.
That left a Premier League panel to mediate between the two clubs – and not for the first time, given the acrimonious departure of Lambert from Carrow Road two summers ago.
The Birmingham club opened the Friday bidding by revealing the Premier League’s Professional Football Compensation Committee had agreed for Villa to pay £450,000 immediately as a compensation fee to City for Steer’s arrival.
And City concluded the conversation by later listing the lengthy add-ons that could make the deal worth £1.175m to the Canaries.
An additional £500,000 fee will be payable on Steer making a certain number of Villa appearances, plus another £225,000 should Steer take his England Under-19 standing on into appearances for the Under-21 and senior sides.
There is also a 20pc sell-on fee for City should Steer leave Villa for another club.
City chief executive David McNally said: “We are extremely pleased with the outcome of this matter after a very fair hearing with the committee.”
Reepham schoolboy Steer made two FA Cup appearances in goal for City under Lambert in 2012 and spent most of the following season out on loan before deciding to leave his home county.
The England Under-19 goalkeeper has made three cup appearances for his new club so far this season.
Villa’s initial statement read: “The committee determining that the compensation fee should be £450,000. We are very happy with the decision following the tribunal hearing earlier in the week and believe that the guaranteed amount of compensation, as well as the overall structure of the decision, is fair and reflects the points we put before the committee.”