Newcastle United PLC - Transfer Agreement
01 July 1997 - 11:30AM
UK Regulatory
RNS No 7612p
NEWCASTLE UNITED PLC
1st July 1997
NEWCASTLE UNITED PLC ('NEWCASTLE UNITED')
Transfer agreement
The Board of Newcastle United announces that
agreement has been reached with Bolton Wanderers
Football & Athletic Company Limited ('Bolton') for
the transfer of the registration of Robert Elliott
to Bolton for an initial cash consideration of
#2.2 million. In addition, #6,000 is payable to
Newcastle United for each competitive first team
game Elliott plays for Bolton up to a maximum
further payment of #300,000.
END