Club reaction to the CPSS
Shrewsbury Town Football Club express their bitter disappointment with the level of compensation awarded to the club in the tribunal decision against Swindon Town for the signing of James Collins. The initial figure awarded of £140,000 is a derisory recompense when one considers the quality of the player, his development at this club, his international appearances and his potential for future improvement. These were all factors in our higher valuation of the player and are the reasons why Swindon Town expressed an interest in him, making a contractual offer that we could not match without jeopardising our own sound financial policy on developing and investing in our whole squad.
Aston Villa will receive 25% of the total tribunal award package and STFC will have to foot the extensive bill for legal fees and associated costs. We will receive around £105,000 from this initial award.
It is the belief of Shrewsbury Town Football Club that the level of compensation awarded for such a highly valued player undermines the position of a club which operates within a prudent financial budget. Instead it rewards clubs who approach players with highly attractive contracts that can be afforded as they are not having to pay an appropriate fee to the parent club.