Tranmere Rovers are to receive a significant cash boost following Aaron Cresswell’s transfer from Ipswich Town to West Ham United.
Full-back Cresswell completed his move to the Premier League outfit yesterday evening, penning a five-year contract with the Hammers.
The 24 year-old is a product of the Rovers academy and the Wirral side are owed 20% of the Championship side’s profit after inserting the clause into the Scouser’s contract when he moved to Suffolk in the summer of 2011.
The Tractor Boys paid £240,000 up front for the left-back following a tribunal with appearance-based add-ons eventually taking Tranmere’s earnings up to £420,000.
With the fee mooted to be around the £4m mark, Rovers can expect their chunk of the transfer to be approximately £700,000.
The money will be most welcome at Prenton Park with finances tighter than ever following the club’s relegation to SkyBet League Two.
At the moment, it is uncertain how much of the money new manager Rob Edwards will see added to his playing budget, but it may help him to increase the contract offer for midfielder Steve Jennings, who has rejected two advances from the club already and was been seen training with SkyBet League One side Port Vale earlier this week.