Phillips Explains Feeney Deal

Last updated : 19 August 2004 By Bournemouth Co-Ordinator
We were all expecting the on going Feeney saga to be resolved on Monday, but to everyone's surprise, the matter was settled yesterday (18/08/04) without the need for a tribunal.

As it turned out, AFC Bournemouth settled for £45k with a 20% sell on clause, should Stockport County sell Feeney at a later date.

Speaking on the Clubs Official Web Site, Chairman Peter Phillips explains that "we had very strong indications that we would not get more than £50,000 from the tribunal. The indications were that the final outcome would be somewhere between £30k and £50k. These indications came from the material we've been discussing with the Football League that would be tabled to the tribunal. We turned down £35,000, which Stockport told us was their final offer. They weren't prepared to go any further so since then we've been preparing, as they have, for a tribunal. At the last minute they've agreed a better fee and we've decided to take it. The agreement with Stockport came from a discussion we were having with them over a different issue and it was their suggestion."

Playershare will receive £18k, which will be made available to Sean for further strengthening to the squad.