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Watkins' £51m Move Triggers FIFA Solidarity Payout
1 Sep
Summary
- Exeter City anticipates a fee from Ollie Watkins' recent transfer.
- The League Two club is eligible due to FIFA's solidarity payment.
- The payment mechanism applies to players trained between ages 12 and 23.
Exeter City has confirmed they expect to receive a payment resulting from Ollie Watkins' recent transfer from Aston Villa to Saudi Arabian club Al-Hilal. The deal, valued at £51 million, sees the League Two side potentially benefiting from FIFA's solidarity payment mechanism.
This mechanism allocates a proportion of transfer fees to clubs involved in a player's development between the ages of 12 and 23. Exeter City, where Watkins was part of the academy from age 11 and made his first-team debut in 2014, is eligible for this distribution.
The club is currently awaiting further details regarding the payment, acknowledging that it could be received in installments over multiple years and may not arrive before the current transfer window concludes. Any funds secured will be dedicated to enhancing the club's financial stability.
Exeter City expressed pride in Watkins' achievements and wished him well in his new career chapter, emphasizing his status as a valued product of their academy.
