5:50pm Wednesday 3rd February 2010
By Frank Smith
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.
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