Cobblers are set to receive a financial boost after Chelsea completed the signing of Carney Chukwuemeka from Aston Villa.
Chukwuemeka, who is considered one of the best young talents in Europe, left Northampton’s academy for Aston Villa under the EPPP scheme as a 12-year-old. He had been linked with the likes of Barcelona and AC Millan this summer but Chelsea confirmed his signing on Thursday morning.
According to the EPPP rules, Cobblers are now due five per cent of the overall fee, thought to be £20million. Various reports suggest between £10m and £15m of that is upfront, meaning Cobblers will initially receive around £500-750k, although full details of the deal will be made clearer in due course.
The club are also due further money if and when Chukwuemeka hits certain landmarks, such as 100 Premier League appearances.
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Had he moved abroad, Cobblers would have received 20 per cent of any fee. Chukwuemeka, younger brother of Caleb, has played for England at various age group levels.
After signing, Chukwuemeka said: “It’s been quite hectic but I couldn’t get Chelsea out of my head the last few days so I’m just happy and relieved that it’s all done.“I’m so excited and just can’t wait to get on the pitch, meet all the players and try to win games and trophies with Chelsea.”