Blackpool came to an agreement late on Wednesday night with Hull City over a transfer fee for Thomas Ince.
The two clubs were set to go to a tribunal yesterday in Manchester only for a deal to be struck late the previous evening.
It’s believed the Seasiders were chasing a fee of £8m for the 22-year-old but after struggling to reach a figure it’s believed they eventually settled on a fee of around £1.6m up front.
The Gazette understands the amount could rise to £2.3m depending on appearances and Hull City avoiding relegation from the Premier League this season.
While Pool will no doubt be disappointed by the figure, the £1.6m loan fee received last season from Crystal Palace mean chairman Karl Oyston will have earned around £4m for the midfield man signed from Liverpool.
It’s understood the Reds will receive 35 per cent of the fee as part of the deal which saw Ince arrive at Bloomfield Road in 2011.