THE decision of the Professional Football Compensation Committee meeting held on Thursday August 16 2012 in London in relation to the registration of George Porter by Burnley FC is as follows:
– The PFCC decided that Burnley should pay Leyton Orient an initial compensation fee of £90,000.
– Additionally, Burnley are to pay Leyton Orient a further £17,500 after the player has made 15, 30, 45 and 60 appearances i.e. a total further payment of £70,000.
– Burnley should also pay Leyton Orient a further sum of £100,000 if Burnley are promoted to the Premier League in the next three seasons assuming the player remains at the club and he plays at least 23 matches in the promotion season.
– Leyton Orient should receive 16.5% of any profit made by Burnley in selling the player to another club at any point in the future.
In setting this compensation fee, the PFCC took into account the costs of training and development, the player’s age and playing record, the length of time he was registered with his former club, the terms offered by both clubs, the status of the two clubs and the interest shown by other clubs in acquiring the registration of the player.
In accordance with the rules of the Premier League and The Football League, and in agreement with The Professional Footballers’ Association, the Professional Football Compensation Committee (PFCC) is responsible for setting the compensation fee for players Under 24 where the club formerly holding his registration and the club next holding his registration fail to reach an agreement regarding compensation for training and development.
The PFCC comprises of an independent Chairman, an appointee from The Football League, an appointee of The Professional Footballers’ Association and an appointee of the League Managers’ Association.