Ipswich Town are due to receive a £100k payment from Northern Irish club Coleraine for youngster Cameron Stewart.
The Blues signed the defender from Linfield in 2019, where he played for the Under-21s in between loan spells at Crusaders and Cove Rangers.
Stewart left Town at the end of his contract last season, joining Coleraine. However, Ipswich are set to receive training compensation for the 21-year-old, which is paid by the new club to the clubs that trained the player between the ages 12 and 21. This is called the ‘training period’.
The obligation to pay training compensation occurs if one of the following two conditions are met:
1) When a player signs his first contract as a professional, and
2) Each time a professional is transferred internationally until the end of the season of his 23rd birthday.
Per EA Sports Law, “The basic principle is that the new club must pay training compensation whenever a player signs his first professional contract and each time the player transfers between clubs of two different national associations.
Clubs can agree to waive the training compensation, but this has to be agreed before the player is signed by his new club.
Otherwise, the training fee is automatically triggered by FIFA, who will ensure that a payment is made in one instalment before the player’s 23rd birthday, as written in their regulations in RSTP art. 20 and annexe 4.
The only other exception is for transfers that take place within the EU or EEA, where the rules state “that no compensation is payable if the former club does not offer the player a new contract and cannot justify why it should still be entitled to compensation”. This, of course, doesn’t count for Ipswich and Coleraine due to Brexit.
As a result, Town are set to receive £100k from the Bannsiders, as first reported by the Belfast Telegraph, who understand that it will be settled by the 30-day deadline set by FIFA.
Stewart has featured 19 times for Coleraine this season, scoring twice. His side sit eighth in the NIFL table.