Milne: Mings Cash Will Be Reinvested in Team
Monday, 29th Jun 2015 14:09
Town MD Ian Milne has confirmed that the cash received from the sale of left-back Tyrone Mings to AFC Bournemouth last week will be reinvested into Mick McCarthy’s first-team squad.
The 22-year-old was sold for an initially £8 million - the majority paid up front and the rest in instalments - with the overall fee potentially rising to £10 million once top-up clauses - likely to relate to appearances and future international recognition - are triggered. The deal also included a sell-on.
“We received a substantial amount of money for Tyrone and having spoken to [owner] Marcus [Evans] we both realise that it’s important we reinvest that money back into the team,” the Blues MD told the club site.