Exeter City Football Club is set for a major financial boost from a sell-on clause triggered by Ollie Watkins' transfer to Al-Hilal. The League Two club confirmed the development this week though the exact amount and payment schedule are still being finalised.
Watkins, who joined Exeter's academy at age 11 in 2007 and made his senior debut in 2014, was sold by Aston Villa to the Saudi Pro League side for a reported £51 million on Sunday. This move activates a previously agreed sell-on clause, promising significant funds for the Grecians. The club currently sits 15th in League Two with three points from three games, having scored and conceded three goals.
Exeter City has stated it does not anticipate receiving any of the sell-on money before the current transfer window closes. In a statement, the club said, "We do not know how long this (payment) process will take to conclude, but we do not anticipate receiving any sum before the end of the current transfer window." The payment could be structured in instalments over several years, which is a common arrangement for such clauses. The club is awaiting specific details on the timing and total sum from the involved parties.
The incoming funds are earmarked for the club's long-term stability. Exeter City assured supporters that "any sum received will be used to protect and strengthen the long-term security of the club." This commitment comes after a challenging period where the club required loans from its owners and the Exeter City Supporters' Trust last season and had to make staff redundant. The chairman has stated the club will begin next season solvent, a position this windfall will help solidify.
The news arrives as Exeter prepares for its next League Two fixture at home against Walsall on September 5th. Walsall currently sits second in the table, presenting a tough test. The Grecians are four points behind early leaders Barnet. The expected sell-on revenue follows another recent financial injection from an early payment related to Jay Stansfield's move from Fulham to Birmingham City. This combination of funds provides key breathing room for the club's operations. Supporters can view the full schedule leading up to this key match on our fixtures page.
While the precise figure from the Watkins deal remains unknown, its impact is clear. It represents a vital reward for the club's academy development and a key pillar for future planning. The final details of the payment structure are expected to be confirmed in the coming weeks.
