Clarets receive record compensation fee for Danny Ings

The Professional Football Compensation Committee have also ruled that Liverpool must pay Burnley up to a further £1.5m, based on appearances.

Burnley will also receive £20% of any future profit from the sale of the player.

The initial payment is almost double the previous record fee for a tribunal, when Chelsea were ordered to pay Manchester City a £3.5m guaranteed compensation fee following Daniel Sturridge’s move to Stamford Bridge in 2009.

Burnley Football Club Chief Executive, Mr David Baldwin, said: “We acknowledge and accept the tribunal’s decision.

“We feel we must reiterate this is an unprecedented record payment for training compensation and not a transfer fee.

“As the initial fee decided by the committee represents almost double the previous record for a tribunal, this fully justifies our decision to press ahead with what we felt was a fair reflection of the part Burnley Football Club played in Danny’s development.”