Accrington Stanley have accepted a compensation offer from Scunthorpe United for Robert Grant which they admit does not match their own valuation of the player.
19 year old Grant agreed to move to the Championship outfit a month ago, however a fee could not be negotiated to suit both Clubs at the time.
With the matter set to head to a tribunal later this summer Stanley were keen for a quick resolution to the issue as they look to bolster their squad ahead of the new season.
Yesterday’s agreement of an undisclosed six-figure fee – which could eventually rise to £260,000 – means that Stanley boss John Coleman will have some room for manoeuvre as he looks to prepare for the start of the League Two campaign – albeit in line with the latest transfer embargo placed on the Club.
Speaking to the Club’s official website, Chief Executive Robert Heys said:
“We have accepted an offer of compensation from Scunthorpe for Bobby Grant, it is not as much as we would have valued the player at ourselves but our only alternative was to await the outcome of a tribunal which could be months down the line.”
“This decision means that we know how much we are getting for the player and we can immediately add it to John Coleman’s playing budget for the 2010/11 season.”