By Kieran Maguire

7th Nov, 2021 | 4:11pm

Kieran Maguire: West Brom have just lost £7m+

West Brom have spun the “roulette” wheel and lost out to the tune of over £7million in their hunt for compensation for their academy stars.

So says finance boffin Kieran Maguire, speaking exclusively to Football Insider about the recent cases involving Louie Barry and Nathan Ferguson.

A tribunal has ruled West Brom will receive just £900,000 following Ferguson’s 2020 move to Crystal Palace, as per The Athletic on 3 November.

Albion originally rejected a £4m sum for the 21-year-old defender before agreeing an £8m deal later that year.

A knee problem highlighted in his medical left Palace looking to reassess the fee, but the Baggies were not prepared to be flexible.

The Athletic also reported on 3 November that West Brom will also receive no compensation for fellow academy product Louie Barry.

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The striker, who now plays for Aston Villa, left for Barcelona in 2019 and Albion sought £110,000 in compensation.

But a judge has ruled that Albion never formally offered the then 16-year-old Barry a scholarship and so are not entitled to a fee.

The Ferguson-Barry double blow will leave a sour taste, claims Maguire.

“They turned down the £4m because they wanted double that,” he told Football Insider correspondent Adam Williams.

“The issue was that an injury to Nathan Ferguson wasn’t disclosed. That’s why this has turned out the way it has.

“Unfortunately, if you start to play roulette, which they did by turning down the offer, there is always a danger you’ll end up losing.

“First of all, you’ve got to feel sorry for the player because his injury proved to be more significant than we expected. That’s reflected in the £900,000 fee.

“With regards to the Louie Barry compensation, they lost that on a technicality.

“The sums involved aren’t huge but they have just been relegated and every little helps when you’re desperate to get back to the Premier League.

In other news, Chelsea working on signing West Brom sensation Leonardo Cardoso pre-January.