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What to do with the Steven Fletcher Money?

It has been a long drawn out affair but former Burnley striker, Steven Fletcher this week finally returned to the Premier League after leaving relegated Championship club Wolves and signing for Sunderland and penning a four-year contract. He signed for the club on Friday for an undisclosed fee. Transfer fees of £14-£15 million were being mooted at one point but it is thought Fletcher probably signed for about £12 million with about another £2 million add-ons involved.

Why is this of any interest to Burnley? Well when Burnley sold him to Wolves in June 2010 following our own relegation from the Premier League, we cleverly included a 15% sell-on clause and that has now been triggered by his move to Sunderland. The Clarets sold the Scotland international for a transfer fee believed to be about £7 million to Wolves which in itself represented a profit of about £4 million having signed the player from Hibernian in June 2009.

Burnley now stand to gain 15% on any profit Wolves made from the deal so we could be about to receive anything in the region of £750,000 to £1 million for the 25 year old. The big question on Clarets fans lips is how will that money be used with the summer transfer window rapidly coming to an end? Will the money or most of it be absorbed into a black hole to keep the club afloat and reduce debt or will it all be ambitiously released for Eddie Howe to strengthen his squad even further following his six signings to date in the summer?

There has certainly been rumours around Turf Moor and in the local press that Eddie Howe is keen to add to his strike force following the injuries to Danny Ings and Martin Paterson. Ings is of course out for up to six months with a torn cartilage and Pato continues to struggle with a tight hamstring having been rested for the last two Championship games.

Assistant manager, Jason Tindall recently told the press:

'We would like to bring in reinforcements because we are very light

'With Pato (Martin Paterson) not quite being fit for Tuesday night and Ingsy being out for a few months it makes us very light, especially on the attacking front.

'We are always looking to strengthen, but whether we can or not is a different matter. Whether the players are available that we would like to bring in also impacts on that.'

If money can be provided to bring in more players, who would be on the target list? One player we continue to be linked with is Bristol City striker, Brett Pitman. The 24 year old forward is of course yet another former Bournemouth player known to Eddie Howe. The Jersey-born attacker played for the Cherries between 2004-2010 before joining Bristol City in August 2010 for an undisclosed fee thought to be in the region of £1 million. He has scored 20 goals in 75 appearances for the Robins. Burnley have also been linked with Wigan striker-cum-winger Callum McManaman although that deal if the rumour is true would be on the basis of a season long loan. McMananan, just 21 came through the Everton youth system signing for Wigan on a free transfer in 2007 and signing his first professional contract in June 2009. In April 2011, he extended his contract for a further two years, keeping him at the club until 2013. He has though played but a handful of games for Wigan so far and in October 2011 he joined Blackpool on a three month loan scoring 2 goals in 14 appearances. These are but two options mentioned recently and it remains to be seen if we see any new players arrive at Turf Moor before the summer transfer window closes. Anybody who saw the debacle at Huddersfield on Saturday will certainly be hoping our attack is strengthened and so do I suspect do Howe and Tindall!

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The Journalist

Writer: turfmanphil Mail feedback, articles or suggestions

Date:Sunday August 26 2012

Time: 4:38PM

Your Comments (oldest first)

Change to most recent first
Do hope we bring in some striker cover
turfmanphil
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26/08/2012 16:43:00

I just hope the Board will let EH have the money for the players we obviously need. Sadly, I doubt it.
cornwallclaret
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26/08/2012 17:37:00

I think we will owe some of the money North of the border, it will not be a big sum when everybody takes out a slice or two. At best £250,000 would be my guess, loan a good Prem League player for 36 weeks on £8k a week plus all the agents fees for loans and guess what? There isn't enough money!
VinRogue
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26/08/2012 19:51:00

Tragic!
turfmanphil
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26/08/2012 22:25:00

Daz Bentley said on Clarets Player before the Hudd game that he didn't know the exact detail of what would be owed to Hibs, but reckoned that Burnley's residual gain would be about half a mill. He didn't clarify whether that would be before or after VAT.
Couch Potato
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27/08/2012 08:35:00

Eddie Howe: “The Steven Fletcher money was good news, but I think that may already have been accounted for. " LT: "But that windfall, which is believed to be upwards of £600,000 following the payment to Hibs, is unlikely to be made available to Howe" Sometimes this club is beyond pathetic it really is!
turfmanphil
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27/08/2012 09:23:00

Lets be positive and celebrate Brian Laws getting us at least some add on cash for Fletcher.....woops I forgot Laws never did anything right.....
VinRogue
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27/08/2012 10:24:00

If the money has been used - so be it. Either way it is good news for the club that the money is heading our way.
claretdale
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27/08/2012 10:44:00

Cant imagine Laws had owt to do with it, probably Brendan Flood at the time who did the dealing
turfmanphil
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27/08/2012 11:52:00

Would be even better news if that money was being used to increase our chances of getting even more money by enhancing our promotion chances instead of using it to fund a black hole caused by the lack of ambition by the board in the first place!
turfmanphil
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27/08/2012 11:55:00

Wouldnt Hibs have got their share after we sold him to Wolves? Surely not now?
YorkshireClaret
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27/08/2012 12:09:00

Aye thats what I thought but apparantly not
turfmanphil
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27/08/2012 12:18:00

 

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