Transfer News

Journalist shares if Wolves are due any more money from Conor Coady deal after Leicester City’s promotion

Wolves sold Conor Coady to Leicester City last summer and some fans have been wondering if the club are due any more money after he recently achieved promotion to the Premier League with the Foxes.

Coady left Wanderers after returning to the club following a fairly average loan spell with Everton in 2022/23.

Coady started off as a regular in the starting XI, but the club replacing Frank Lampard with Sean Dyche meant his minutes really dried up. After looking like he would become a permanent Toffees player, the club then declined to take up their option to buy him, which was worth around £4.5 million.

Coady came back to Wolves in the summer, but it didn’t take long for a decision to be made on him.

The club sold him to Leicester for a reported £8.5 million, and he was all set for a season in the Championship.

But Coady will be a Premier League footballer again after the Foxes recently achieved promotion, and Liam Keen has addressed one question some have had about the 31-year-old…

Wolves do not have ‘promotion clause’ over Conor Coady and won’t earn any more money

Leicester City v Southampton FC - Sky Bet Championship
Photo by Robbie Jay Barratt – AMA/Getty Images

These days, clubs often try to be creative when they sell their players on.

A selling club bring in a base fee, and sometimes there are additional clauses which result in the buyer paying more money later down the line.

It is not uncommon for clubs to insert promotion clauses when selling to teams that may well be in contention to go up a division come the end of the season.

Leicester City recently secured their promotion back to the Premier League, after Leeds United lost to Queens Park Rangers, meaning Coady will be back in the top-flight again next term.

But did Wolves insert a promotion clause when they sold him? Journalist Liam Keen said on the E&S podcast: “No. I double-checked, there’s no other money coming in. Was it about £8.5 million when he was sold? Which was already very good business because it was about half that for Everton’s buy option. But no, they won’t be getting any more money from the Coady sale.”

A shame, but good to see Coady back

Perhaps Wolves suggested a promotion clause but Leicester just didn’t agree to one.

It’s a bit of a shame that the club won’t be bringing in a bit more from the Coady sale. But as Keen points out, the deal to sell at £8.5 million was still a pretty good one.

Wolves had simply moved on from Coady after a formation change. The irony is that Wolves are now back in the formation which he really thrived in.

But the decision was made to offload him, and the star joined Leicester.

It’ll be great to see him back in the Premier League next season, and he will undoubtedly get a warm reception when he comes back to Molineux to play for the first time – obviously last term, he could not face Wolves for Everton as he was on loan.