Unhappy Shrewsbury Town have hit out at the “derisory” compensation they will receive from League One rivals Swindon for last season’s leading scorer James Collins.
After hearing evidence from both clubs on Wednesday, the Professional Football Compensation Committee ordered Swindon to pay an initial fee of £140,000 for the Republic of Ireland Under-21 international.
That fee is likely to rise to £220,000, with Town receiving an extra £20,000 for each 15 outings made by Collins up to 60.
But Town were far from happy with the outcome and are adamant they should have received far greater compensation for a player they signed from Aston Villa in January 2011.
“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,” said a statement issued by boss Graham Turner and the board.
“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.”
Town will also receive 20 per cent of any profit made by Swindon should they sell Collins in the future.
But Shrewsbury will have to pay Villa 25 per cent of the total tribunal award package, leaving club officials to estimate they will receive around £105,000 from the initial award.
And Town believe they are being punished for attempting to run a steady financial ship.
“It is our belief that the level of compensation awarded for such a highly valued player undermines the position a club which operates within a prudent financial budget,” the statement added.
“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.”
Collins, who turns 22 in December, grabbed 16 goals in Shrewsbury’s promotion-winning campaign from League Two last year.