A lot has happened since Danny Ings signed for Liverpool last summer. When he first pulled on the famous red shirt, Leicester City were still 5,000/1 to win the Premier League title and Dele Alli was just a promising youngster few had heard of.
Ings left Burnley on a free transfer after letting his contract expire but, as he was under 24, the Championship outfit would be entitled to compensation from whoever signed him.
After months and months of wrangling between the two clubs, the Professional Football Compensation Committee finally decided on the fee. Liverpool will pay £6.5m plus a further £1.5m in add-ons for the England striker. Burnley will also get 20% of any profit Liverpool make if in the event that Ings is sold.
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That is the biggest compensation ever handed out in such circumstances, eclipsing the £3.5m plus £3m in add-ons that Manchester City were awarded when Daniel Sturridge joined Chelsea in 2009.
But it is significantly less than Burnley were hoping for. They were originally demanding £12m from Liverpool, the same amount that Tottenham offered for Ings just weeks before his contract expired.
Burnley's chief executive, David Baldwin, said: “We acknowledge and accept the tribunal’s decision. We feel we must reiterate this is an unprecedented record payment for training compensation and not a transfer fee.
“As the initial fee decided by the committee represents almost double the previous record for a tribunal, this fully justifies our decision to press ahead with what we felt was a fair reflection of the part Burnley Football Club played in Danny’s development.”
Of course, the move has not gone to play for Ings. The striker suffered knee ligament damage in October, ruling him out for the rest of the season. He still has not played under Jurgen Klopp but is widely expected to be given his chance to impress the German coach in pre-season.
So, right now the £8m fee seems a bit much, but most Liverpool fans seem to be fairly happy with the figure. Their reaction on Twitter has been positive with many expecting Ings to prove good value for money once he regains his full fitness.