Tranmere Rovers will be “drip fed” the money from Aaron Cresswell’s move from Ipswich Town to West Ham United, according to Prenton Park chief executive Jeremy Butler.
Cresswell joined the Hammers last week for an undisclosed fee – believed by the East Anglian Daily Times to be £3.75m – and Tranmere are entitled to 20% from that sale as part of the deal that took the full-back to Portman Road in 2011.
With Rovers relegated to League Two following 13 seasons in League One, the approximate windfall of £750,000 could prove vital for the Birkenhead oufit, and Butler believes the structure of the 26-year-old’s switch to Upton Park is beneficial to the club as well as demonstrating the capability of their academy.
“The way the transfer is structured means we don’t get one lump sum, it’s drip fed over a number of years, which is a real boost,” he was quoted by the BBC as saying.
“Some of that money’s been factored into our cash-flow to avoid building up debt, but some will go to strengthening the squad.”
Butler added: “The Cresswell transfer is great news as it shows we’re capable of producing Premier League players.
“It’s something our academy can aim for.”