Hatters to receive seven-figure fee following striker's move to Turf Moor
Everyone associated with Luton Town felt a sense of pride when former striker Andre Gray made the latest move in his career when signing for Burnley last week.
The 24-year-old only left Kenilworth Road a just over a year ago for Brentford and capped his debut season in the Championship with 18 goals which helped the Bees reach the Play-Offs.
We had, of course, our own interest in Andre’s next move, having agreed a sell-on clause in the transfer that originally took him to Griffin Park.
Burnley have paid an undisclosed, record sum to take Gray to Turf Moor, but we are keen to inform our supporters of the income we are set to receive as part of the deal.
We are guaranteed to receive a shade over £1.1m from the fee which will be spread over three seasons; an initial figure approaching £300,000 followed by two of just over £400,000 each.
Should Andre contribute to Burnley’s success, resulting in a successful Premier League spell then we will also benefit further - to the tune of up to £700,000.
Hatters chief executive Gary Sweet told lutontown.co.uk: “Everyone at the Club takes huge pride in seeing players who have developed with us blossom in their careers; we’re absolutely thrilled for Andre in this case – he’s a very honest, ambitious and hard-working player who deserves every success.
“We also take great heart from the kind things he has continued to say about our Club since his departure.
“Naturally we welcome the additional income that we have benefitted from as a result of Andre’s talents, and this will be utilised in areas that will further enhance the stability of the Club.
“We would also like to personally thank those people who played their part in the scouting and recruitment process of Andre, as well as those who have helped develop him into the player he now is, a development that I’m sure will continue under Sean Dyche and alongside former Hatter Matthew Taylor.
“We wish Andre the very best of luck at Turf Moor and Burnley the best of luck in their promotion campaign.”