Everton pay £230,000 compensation to Irish clubs

Aug 29 2007 Liverpool Daily Post

EVERTON have paid £230,000 (340,000 Euros) in compensation payments to four clubs in the Republic of Ireland.

Tolka Rovers receive almost £90,000 for training striker Aidan Downes, while Kingdom Boys receive £55,000 for the development of Darren Dennehy. Everton also paid money to Maymount Celtic and St Brendan’s Park.

The FAI’s (Football Association of Ireland) Football Support Services Manager, Eoin Hand said: “We are pleased that the UK clubs are co-operating with us in regard to the training compensation payments.

“A club, whose player signs his first professional contract with a League of Ireland club, will receive €500 for each year of training between 12 and 21 and if that player is transferred abroad they will be entitled to compensation under the solidarity mechanism,” added Hand.

Defender Dennehy, 18 and striker Downes, 19, have progressed through Everton’s academy and are both regulars in the Toffees’ reserves setup.