Liverpool profit from Jonjo Shelvey’s move to Newcastle

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Liverpool have profited from former midfielder Jonjo Shelvey’s move from Swansea City to Newcastle United.

LIVERPOOL, ENGLAND - Saturday, December 1, 2012: Liverpool's Jonjo Shelvey in action against Southampton during the Premiership match at Anfield. (Pic by David Rawcliffe/Propaganda)

Shelvey, who made 69 appearances for Liverpool – scoring seven goals, was sold to the Welsh side in 2013 for £5 million in 2013.

But Liverpool agreed a 30% sell-on fee for the midfielder, therefore meaning they will receive £3.6 million from Shelvey’s £12 million move to Newcastle.

UPDATE: BBC Sport, among others, claim Liverpool will receive only £500,000 from the move – which is contrary to reports at the time of Shelvey’s move which stated LFC have 30% sell on clause.

Shelvey’s departure to the Magpies is a strange one, having signed a new deal with Swansea only last summer after impressing last season and even receiving an England call-up.

But poor form this season has seen him shown the door and head north to join Steve McLaren’s struggling side.

Liverpool signed Shelvey from Charlton Athletic for £1.7 million in 2010.

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