Ipswich Town are set to receive around £1million pounds from Flynn Downes’ move to West Ham United.
Downes, 23, is a product of the Ipswich Town youth academy and a player who’s netted the club a decent bit of money in the past year or so.
Swansea City snapped him up for a fee of around £1.5million last summer. The midfielder had a hugely impressive first season in the Championship, becoming the target of several Premier League clubs this month.
He looked set to join Crystal Palace at the start of the week but West Ham have now emerged as front-runners for his signature, with Sky Sports revealing last night that the Englishman was in advanced talks to join the Hammers.
The deal is said to be worth £12million. And a fresh report from Swansea Independent says that Ipswich Town will cash in around £1million once the deal goes through – a timely cash windfall for Kieran McKenna’s side.
Ipswich at it again…
Ipswich Town have received a number of sell-on fees in recent years, from the sales of players likes Tyrone Mings and Kieffer Moore, and now Downes looks set to be another player who nets the Tractor Boys a sell-on fee.
Last summer, Ipswich spent a decent bit of money and made a horde of new signings, only to finish in 11th place of the table.
Transfer activity this summer has been much more subdued as McKenna makes the necessary additions to his side, but he could yet have a bit of spending money this summer if the funds from Downes’ move to West Ham is made available to him.
Good business yet again from Ipswich and from Swansea City too, who’ve made a tidy profit on Downes.