FINANCIAL BOOST: A possible Gayle-force windfall from Newcastle signing

Dwight Gayle celebrates a Posh goal.
Dwight Gayle celebrates a Posh goal.
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Peterborough United could land a financial windfall from the £10 million sale of former striker Dwight Gayle from Crsytal Palace to Newcastle United.

Gayle (25) signed a five-year contract with the Magpies today (July 1) and reports on the north-east suggest Posh will receive a sell-on fee of ‘north of £1 million’ as a result.

Dwight Gayle.

Dwight Gayle.

Posh chairman Darragh MacAnthony has played down that figure, but it’s hard to believe Posh won’t benefit handsomely from a Gayle transfer for the second time.

Posh have already made a huge profit on Gayle. They signed him from Dagenham & Redbridge for £500k in January, 2013 and sold him to Palace for a Posh club record £6 million six months later.

Posh had to hand over £1.25 million to Dagenham under the terms of that deal.

Posh director of football Barry Fry, the man who negotiates Posh transfer deals hasn’t responded to calls from the Peterborough Telegraph regarding Gayle’s sell-on fee.

Newcastle manager Rafa Benitez said: “Dwight is a great player, a proven goalscorer, and it is fantastic news that he has joined us.

“He has a big personality, a lot of energy and pace. He is a good finisher also, so he will add goals to our squad, for sure.

“He knows English football well, too, and that is important in the Championship.

“I am sure Dwight will want to prove he can make a big difference to our team and I am looking forward to working with him.”

Gayle added: “It’s a dream come true to be at a big club like this. Newcastle has a massive fan base and a great history so it is amazing to be here.

“I can’t wait to get started, prove myself and score the goals that take us back up to the Premier League. It’s where this club belongs.”