Friday 21 September 2012

GRECIANS RECEIVE TRIBUNAL WINDFALL

On top of their impressive start to their League Two campaign, which sees them lie third in the table, Exeter City have received another boost.

A Football League tribunal has declared that they will receive £275,000 from the departures of Troy Archibald-Henville and James Dunne who both left St James Park in the summer to join Swindon Town and Stevenage respectively.

As the duo were both under 24 and out of contract, the tribunal ruled that the Grecians should receive £200,000 for defender Archibald-Henville, who initially joined Exeter on loan from Tottenham Hotspur in January 2009 before signing permanently for a fee of around £50,000 a year later, and £75,000 for Dunne, who also joined the Grecians in 2009 following his release by Arsenal.

Should Swindon win promotion to the Championship, the Grecians will receive another £40,000 and another £100,000 if the Robins reach the Premiership in the deal for Archibald-Henville.

Exeter will also be entitled to an extra £20,000 when Archibald-Henville reaches the 15, 30, 45 and 60 games for the Robins and extra payments of £25,000 when Dunne plays 25 and 50 games for Stevenage.