The long-running saga involving a fee for Danny Ings' switch to Liverpool has finally come to an end after 10 months following a ruling from the Professional Football Compensation Committee (PFCC) that means former club Burnley must be paid up to £8m ($11.6m). The one-cap England striker, who has been sidelined since October due to an anterior cruciate ligament injury suffered in training, initially moved to Anfield on 1 July 2015 following the expiration of his contract.

Tottenham Hotspur also attempted to strike a deal for Ings, who scored 11 goals for Burnley during their brief stay in the Premier League and later made his senior international bow during a routine Euro 2016 qualifying victory over Lithuania. The fact that the former Bournemouth player was under 24 meant that the Clarets were entitled to compensation for their role in his development, but the two parties could not settle on a price and the issue eventually went to a tribunal.

Such a saga has now been resolved, with both clubs releasing official statements confirming that Liverpool must pay a guaranteed £6.5m. A further £1.5m could be owed in performance related add-ons, while the Championship promotion hopefuls also state that they will be owed 20% of any future profit from the sale of Ings.

"Liverpool Football Club would like to thank the PFCC panel for their time and diligence in deciding this matter," read a statement on the Reds' official website that was released shortly before their 1-0 Europa League semi-final defeat to Villarreal at El Madrigal. "We believe the process was conducted fairly and we respect the outcome. We are pleased for Danny Ings, in particular, that this chapter is now complete and he can look forward to a long and successful career at Liverpool."

The fee is a record for a compensation tribunal and eclipses the initial £3.5m Chelsea were instructed to give Manchester City following the signing of Daniel Sturridge back in July 2009. Burnley chief executive David Baldwin was pleased with the outcome and feels such a hefty price only validated their cause.

"We acknowledge and accept the tribunal's decision," he said. "We feel we must reiterate this is an unprecedented record payment for training compensation and not a transfer fee. As the initial fee decided by the committee represents almost double the previous record for a tribunal, this fully justifies our decision to press ahead with what we felt was a fair reflection of the part Burnley Football Club played in Danny's development."