Ringmahon Rangers to bank another million from Caoimhín Kelleher's Brentford heroics
The Cork club have already profited heavily from Kelleher's move to Liverpool, but are set to cash in again.
Caoimhín Kelleher’s stellar first season at Brentford will bank his Cork schoolboy club Ringmahon Rangers another seven-figure windfall by hitting milestone targets.
A 20% sell-on clause brokered when the goalkeeper joined Liverpool at 16
banked Ringmahon a €2.9m slice of the original €14.5m fee shelled out by the Bees last summer.
Fifa’s solidarity mechanisms, ensuring five percent of all transfer fees cascade to development clubs, added another €250,000 to their coffers.
When Kelleher was sold, Liverpool also negotiated a series of performance-related add-on clauses worth up to €6m.
Once again, the Cork club are entitled to a 20% share.
It’s understood that while most of these payments are related to appearances, 50 being the first he’s due to reach early next season, others are payable for 10 clean sheets, avoiding relegation and European qualification.
Kelleher reached the clean sheet tally with three games to spare in the 3-0 win over West Ham United. Brentford will secure Conference League qualification if they can better Chelsea’s result in Sunday’s final match at Liverpool.
The Mahon native joined his local club at the age of four, and bar a brief five-month spell at Rockmount, stayed until Pool beat Aston Villa for his signature as an apprentice. Rockmount will share a small portion of the riches.
Ringmahon’s club officials have always said the largesse would be invested to protect their long-term future…
Extract from The Irish Examiner