Middlesbrough cash boost for Nathan Wood not as big as expected as Southampton fee revealed

New Southampton signing Nathan Wood
-Credit: (Image: 2024 Southampton FC)

The fee Middlesbrough will receive from Nathan Woods's transfer from Swansea City to Southampton won't be as big as hoped, with the Saints agreeing a cut-price deal for the Teesside centre-back.

Wood has joined Premier League Southampton this week, reuniting with former Swans boss Russell Martin at St Mary's and signing a four-year contract. With Boro holding a 'healthy' sell-on fee clause as part of the deal that saw them sell him to Swansea two years ago, it was hoped they could profit well from the move this summer.

However, after Swansea turned down two offers from Southampton last summer that were said to be worth up to £10 million, they haven't paid even half of that this summer. Though officially the fee is undisclosed, it is reported that Southampton are paying just £3 million for the 22-year-old, who had just one year left on his contract in South Wales.

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It's not known exactly how big a percentage of that fee Boro will get. Described as a 'healthy' one, ten per cent is usually the standard and it will therefore be hoped it's more than that, with Boro still set to receive a six-figure fee from the transfer. However, it's now unlikely to be close to £1 million as was hoped when reports first emerged of Wood's likely summer move to the top flight.

Graduating from Boro's academy to become the club's youngest all-time debutant at just 16, Wood eventually left in the summer of 2022 as Chris Wilder decided he had no plans for the centre-back in his squad. Recognising that he still had high potential, however, Boro officials did negotiate the deal to include the sell-on fee percentage bonus which will see them pocket some cash this summer at least, on top of what they'd already received from Swansea from the initially agreed fee.

Speaking after joining Southampton, Wood said: "It's always been an attractive club. Obviously the style of football is a big thing, the coaching is a big thing, and it's a step up in leagues for me as well. It's a no-brainer really when you put all those things together. It's quite an easy decision to make."

Saints boss Martin said: "Nathan is a player I know and trust from our time together at Swansea, and someone I also tried to sign in my first job at MK Dons. He's a top defender with tremendous physical qualities, great pace and calmness on the ball. He's hungry to prove himself in the Premier League, and we want to help him achieve that."