Norwich City’s swoop for James Maddison was too tempting for Coventry City
- Credit: PA
Norwich City's deadline night swoop for James Maddison was too good for Coventry City's top brass to turn down.
The Canaries completed an audacious move for the highly-rated teenage midfielder with minutes to spare ahead of Monday night's transfer deadline for an undisclosed fee, understood to be £2.5m up front with a series of add-ons, if the rising star fulfils his potential at Carrow Road.
Sky Blues' managing director Chris Anderson confirmed on Tuesday afternoon the League One promotion hopefuls have negotiated a sell-on clause and a number of add-ons based on Maddison's success in Norfolk.
The 19-year-old immediately returned to his boyhood club on loan for the rest of this season after Norwich beat off competition from Premier League rivals Tottenham and Liverpool to clinch his signature.
'I think it's important people understand that it's never just about the cash up front for a player like James who is still developing and who will hopefully follow a trajectory that will be very successful,' Anderson told the Coventry Telegraph. 'A selling club like us at the moment can stand to make significant amounts of money if James becomes the footballer we think he's going to become.
You may also want to watch:
'That's money that doesn't just come today; it's significant money that will keep coming and will contribute to the health of the football club over the medium term because these things are structured to run over three, four, five years, by which time I know James will be an established Premier League footballer.'
Anderson believes Maddison can not only establish himself in the Premier League but one day represent England at senior level.
- 1 'Vindicated at last' - Pension compensation on the horizon for WASPI women
- 2 Sky broadband issues across Norfolk and Suffolk resolved
- 3 Drug dealer walks free from court for his 145th offence
- 4 Body of man in 20s found at nature reserve near Norwich
- 5 'Is this a wind up?' - Artist's shock as Delia buys 101 of his paintings
- 6 New 20mph speed cameras to tackle NDR rat-runners
- 7 Clean-up operation begins as town 'flooded completely' by heavy rain
- 8 Church with 'features to get excited about' for sale for £80,000
- 9 Shocked couple told statue used as doorstop could be worth £1m
- 10 Police search undergrowth as man arrested for murder of missing woman
'It's a very comprehensive deal that involves a number of elements,' he said. 'There are certain guaranteed payments and then there are certain contingent payments to do with achievement. You can put them into three categories; individual achievements as a player at a certain level and certain things he does from appearances, goals, all that kind of stuff.
'There are team achievements so how well the club does in a division, winning trophies or finishing in a certain position and then there are international honours, winning England caps and winning things with England. So clubs can be quite creative and structure deals in such a way that you benefit both at the front end and back end.'