Bolton Wanderers can announce that the Professional Football Compensation Committee have set the compensation package with West Ham United for the transfer of Rob Hall.
An independent tribunal has ruled that Bolton must pay an initial sum of £450,000 with further appearance and potential promotion-based add-ons.
In accordance with the rules of The Football League and Premier League, and in agreement with The Professional Footballers' Association, the Professional Football Compensation Committee (PFCC) is responsible for setting the compensation fee for players under 24 where the club formerly holding his registration and the club next holding his registration fail to reach an agreement regarding compensation for training and development.
The PFCC comprises of an independent chairman, an appointee from The Football League, an appointee from the Premier League, an appointee of the Professional Footballers' Association and an appointee of the League Managers' Association.
In setting these compensation fees, the PFCC took into account the costs of training and development, the player's age and playing record, the length of time he was registered with his former club, the terms offered by both clubs, the status of the two clubs and the interest shown by other clubs in acquiring the registration of the player.