Fee agreed for Curtis Nelson
Oxford United can confirm that a tribunal of the Professional Football Compensation Committee in London today set the fee that the U’s must pay Plymouth Argyle for Curtis Nelson at an initial £200,000, with further payments subject to appearances that could see the final amount rise to £280,000.
An independent transfer tribunal was needed after the two clubs had different valuations for the 23-year-old defender in the summer. Curtis has so far made five appearances for the U’s this season since his move from Home Park.
The tribunal was held in London yesterday and saw the U’s represented by Head Coach Michael Appleton and Chairman Darryl Eales among others. A decision was then deferred until today.
"The figure is significantly higher than our initial expectation. We respect the Committee's decision but Plymouth have seemingly benefited from the lack of clarity of how the 'youth compensation' regulations are applied. This is a huge amount of money for a club such as ourselves and well above the amount budgeted.
"On the plus side, Curtis is a player with a huge potential which I am sure will be realised under Michael's tutelage and he will be a central figure in the progression of the club."