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LONDON, Feb 11 — Liverpool must pay Fulham up to £4.3 million (RM24 million) for Harvey Elliott’s transfer, a record fee for a 16-year-old, the London club said today following a ruling by a compensation tribunal.
Liverpool signed midfielder Elliott from Fulham as a 16-year-old in July 2019 but the two clubs could not agree on a compensation fee, with the transfer being referred to a tribunal.
The Professional Football Compensation Committee (PFCC) ruled that the Premier League champions must pay a guaranteed compensation fee of £1.5 million plus £2.8 million in contingent amounts dependent on the player’s performance.
“Liverpool Football Club respects the outcome of the PFCC’s fair and thorough process in this matter,” the Merseyside club said in a statement.
“We would like to thank the panel for their time and diligence in reaching a decision.”
Fulham said in a statement that the West London club were “very pleased” with the decision.
Elliott is currently on a season-long loan at second-tier Championship side Blackburn Rovers, who are eighth in the standings. — Reuters