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Blues rue selling sell on
FORMER Wanderers star Matt Phillips was involved in a £5m transfer just weeks after Blues cashed in a sell-on clause reported to be 20 per cent.
They got £200,000 to forego the clause compared to the approximate £800,000 which they would have netted from Phillips’ transfer from Blackpool to QPR.
But Blues chairman Don Woodward has defended the decision to sell the clause.
He says the deal was made at a time when it looked like the 22-year-old, who has been plagued by injuries, would run down his contract and leave the Seasiders on a free transfer this summer.
Woodward said it wasn’t a case of needs must, but the board’s thinking was that 20 per cent of nothing is nothing.
Woodward told the Bucks Free Press: "We were in discussions with Blackpool when Matty was injured and not playing for a long time. We were made an offer by Blackpool in that time, which was rejected.
"In July he had a training ground accident. We were again in touch with Blackpool and the same offer was made.
"We had a board meeting and said, 'The guy's contract's running down, he's just had an accident - chances are he's out for some months, will he get sold?' If he wasn't sold, any value in that contract for the football club goes.
"We agreed as a board to agree to take the offer and take the settlement.
"It was something that could have been worth zero. If he hadn't gone anywhere and we'd rejected the offer people would have said, why didn't you take the offer?"
And he says the combined £450,000 received from that deal and the transfer of Charles Dunne to Bloomfield Road means Blues are well on track to hit their break-even target.
The Dunne transfer deal includes a sell on and a clause that will ensure more money if he plays internationally while with the Championship outfit.
Dunne has been included in the last two Republic of Ireland U21 squads but is still to make his debut for the Emerald Isle, who he qualifies to play for through his Galway-born mother.
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