Ringmahon Rangers to receive separate sum from Brentford following Caomhín Kelleher move
Goalkeeper Caoimhin Kelleher during a Republic of Ireland training session. Pic: Ramsey Cardy/Sportsfile
Ringmahon Rangers will be paid a separate six-figure sum by Brentford following their former player Caoimhín Kelleher’s €15m transfer from Liverpool.
Astute negotiating by the Cork grassroots club a decade ago ensured they would benefit to the tune of 20% if the goalkeeper was sold by the Reds.
That situation unfolded this week after Kelleher opted to leave the Premier League champions with a year left on his contract, thereby activating the clause brokered by his schoolboy club.
Ringmahon’s minimum share of €3m will likely rise when the 26-year-old reaches milestones around appearances and league position, triggering add-ons.
Liverpool are responsible for honouring that bilateral agreement but Ringmahon are now due money from the buying club under Fifa’s statute called solidarity payments.
This stipulates that 5% of every transfer fee is ringfenced for clubs the player trained with in a different country between the ages of 12 and 23.
That amounts to €750,000 in this case.
Ringmahon are entitled to the monies up to 16 when Kelleher left for his professional career at Liverpool – around €250,000.
As the Blackrock native spent a brief five-month spell at Rockmount, Ringmahon agreed to disperse 20% of their sell-on, €600,000, of the main largesse. They will also receive a minor cut of the sum due through the Fifa route.
Should, as expected, Kelleher be sold by Brentford before his five-year contract lapses, the same procedure applies.
For instance, due to Nathan Collins playing all his underage football at Cherry Orchard before joining Stoke City at 16, they have profited from the €65m cumulative transfers he’s been involved in to Burnley, Wolves and Brentford.
Orchard hatched a sell-on with Stoke for a lower percentage than Ringmahon’s but the solidarity income swelled their windfall.