Date: 8th June 2011 at 6:34am
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Late last night (Tuesday) it was reported by many sources that Liverpool and Sunderland had agree a £20million deal for Jordan Henderson to join Liverpool. The deal is subject to Henderson completing a medical which will be today (Wednesday) and David Ngog is also part of the deal and he will be moving to Sunderland.

I know many fans are questioning the £20million fee that Liverpool have paid for Henderson and we think that it is too much. I guess that is the price you pay for young English talent. They do not come cheap these days. Just look at the £35million we spent on Andy Carroll.

Now this £20million for Henderson does not mean that Liverpool have splashed out £20million cash for him. Ngog is part of the deal and I am guessing that Ngog has been valued at around £7million which means there is £13million left. Out of that £13million, what tends to happen with such transfers and especially with young players moving to bigger clubs is that Sunderland will get a certain amount of cash upfront for the deal and the remainder of the £13million may be paid over a period of time and may be incentivized i.e. Liverpool will pay £x million to Sunderland if they (Liverpool) qualify for the Champions League next season or if Henderson plays a certain amount of games this season for example.

So we should not be scared off by this big £20million fee. FSG are financially smart and they would have structured this deal in the best possible way for the club such that we do not spend too much money all at once but at the same time we sign one of the best young talents in the game today. At the same time we are set to make a tidy profit from selling off Ngog as part of the deal as we bought him on the cheap from PSG (£2million reportedly).

I am sure we will get more news about this transfer as the day goes. Stay tuned.