Official Receiver to Get Walters Cash - Ipswich Town News
Town chief executive Simon Clegg has revealed that the club will pay the Official Receiver cash relating to the sell-on clause agreed with the now wound-up Chester City when Jon Walters joined the Blues in 2007. A sell-on of 20% was included in the deal, along with an initial fee of £100,000 plus another £100,000 on the player’s appearances and based on Town’s performances.
Source: twtd.co.uk