Blackburn Rovers to receive initial £3m for Hoilett
4:23pm Thursday 27th September 2012 in Sport
QPR have agreed to pay Blackburn Rovers an initial fee of £3m for Junior Hoilett.
Hoilett joined QPR this summer following the expiry of his contract at Ewood Park, but Rovers were still entitled to a fee because he was under the age of 24.
The price would have been set by the Professional Football Compensation Committee had both clubs been unable to agree a fee.
But negotiations have now led to an agreement that means QPR will pay an initial fee of £3m, rising to £4m depending on appearances.
Rovers will also be entitled to a percentage of any profit QPR make on Hoilett should they sell him in the future.