Wolverhampton Wanderers have accepted a West Ham bid of £10m for former Gills and England winger Matt Jarvis landing Gills Chairman Paul Scally a substantial £1m+ windfall.
A clause in the terms of the original deal that sent the talented winger to Wolves from Priestfield stated that Wolves had to pay Gillingham up to 15 per cent of the profit if they ever sold Matt Jarvis.
The accepted West Ham offer equates to £1.5m on a £10m fee, some of which Paul Scally might use to further strengthen Martin Allen’s squad.
Wolves had rejected a number of bids from the Hammers over recent weeks including £9m just a few days ago as it wasn’t enough to tempt Wolves into selling, because Jarvis, who cost Wolves around £600k in 2007, having three years left on his contract and the club not needing to cash in on another of their star assets.
However, everybody has a price and the increased £10m bid was accepted when Matt passed a medical last night leaving Gills highly delighted with their unexpected early windfall. The terms of the Hammer’s deal is that around £3million of that figure is dependent on appearance-related clauses but the sum represents the highest transfer fee paid by West Ham in five years.