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NORWICH City today unveiled the financial details behind Dean Ashton's ?7.25m transfer to West Ham following speculation about monies the player himself may have received.

Due to the sell-on clause in Dean's original contract, his former employers Crewe received ?350,000 outstanding from the original ?3m fee, plus ?800,000, which represents 20 per cent of the ?4m profit.

Ashton himself was owed ?400,000 (being 10 per cent of the ?4m profit) - a sell-on clause which formed a crucial element in the negotiations both when he joined the Club last year and for his contract extension last summer.

He waived ?30,000 of this and also waived certain other monies owed to him by Norwich City in order to make the move happen, including all bonuses for December, his January salary and bonuses and the whole of his outstanding signing-on fee.

City chief executive Neil Doncaster told First News: "Sell-on clauses are perfectly normal in modern day transfers.

"The fact is this sell-on clause for Dean was a crucial part of the ambitious step of bringing Dean here in the first place and re-negotiating his contract in the summer. Without it, we may well have not got the player in the first place or have lost him for far less money than we eventually received.

"We made it clear in the final stages of the negotiations with West Ham that we needed more money to make the deal happen - whether that came from West Ham or Dean himself.

"West Ham refused to pay a penny more, and Dean therefore agreed to waive around ?150,000 of money we owed him to make the deal happen."

Posted By: south, Jan 25, 10:38:15