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Watford won't receive more money from Portsmouth over Mike Williamson's Newcastle United switch

5:50pm Wednesday 3rd February 2010 in


Watford will not receive any money from Portsmouth from the sell-on clause agreed when Mike Williamson left the Hornets in the summer.

The Hornets secured a 30 per cent sell-on clause when Williamson moved to Portsmouth for £2m in August and Hornets fans had hoped the centre back’s switch to Newcastle United last week would result in a cash windfall for the Hertfordshire club.

Initially Williamson’s move was on an emergency loan so he could play in last week’s victory over Crystal Palace.

But despite that soon being made permanent, we understand Watford will not receive any money from the sale as the sell-on fee was based on profit Portsmouth would make on Williamson’s transfer and the undisclosed fee agreed with Newcastle was less than £2m paid to the Hornets.

Comments(8)

worthing_hornet says...
6:02pm Wed 3 Feb 10

The Premier league, better make sure we get all the money we are due for the original sale then! and since they will probably pull the money from the sale to pay other league clubs owed, Portsmotuh will end up seeing very liitle of the cash they sold him for, 2 mil for a player they never used and got nothing for selling - not a great deal on pompey's part!

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FromDiv4 says...
6:10pm Wed 3 Feb 10

Let’s make sure he gets the abuse he deserves when he comes back to the Vic.

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stevyweavy says...
7:08pm Wed 3 Feb 10

Couldn't understand why people were saying we get 30% of any sell on. Can't see anyone signing that type of contract. Makes sense 30% of any profit on sale which is what I said originally but presumed those that said no knew better but obviously not. :)
Still don't understand how it is allowed to sell a player and not pay off previous club debts immediately.

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pfwhornets says...
8:22pm Wed 3 Feb 10

I'm happy we got Martin Taylor instead. Although we've only seen him once, he does have a confidence with the ball at his feet and considering he hasn't played a first team game since last summer, I think he'll do alright. Marriappa gave us a lot more width playing on the right as well getting in some decent crosses and in the right place to take the long throw ins.

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Derek Payne says...
9:47pm Wed 3 Feb 10

God, and to think how much Mr Russo harped on about the amazing sell on fee he managed to secure

Doesn't seem so great in reality does it.

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ButtonMooney says...
11:13pm Wed 3 Feb 10

Gotta love the photo though, looks like he's been playing Sunday league somewhere...

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imuz says...
9:51am Thu 4 Feb 10

Thats the end of that matter then....has all the Tommy Smith money been paid to us yet? Can we draw a line under this pompey issue or not?!?

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Richard - Come On You Golden Boys! says...
12:24pm Thu 4 Feb 10

No that is not the end of the matter as I understand that there is one final payment to be made in the summer. The exact details of the staged payments have not been released because it is deemed a commercially sensitive arrangement. The only thing we can say is Pompey are up to date with their payments as per the agreed contract.

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