By Noel Whelan

10th Aug, 2021 | 4:00pm

Whelan in awe of Newcastle 'masterstroke' as seven-figure windfall nears

Noel Whelan has hailed the 40 per cent sell-on clause Newcastle United inserted into Adam Armstrong’s transfer to Blackburn Rovers “a masterstroke”.

Speaking exclusively to Football Insider, the former Leeds United forward claimed the Magpies are set to earn “money for nothing” from the 24-year-old’s pending move to Southampton.

According to The Guardian (10 August), the Saints are closing in on the signing of Armstrong in a deal worth £15million.

Newcastle, who sold the centre-forward to Blackburn for a fee of £1.8million in 2018, are set to receive 40% of the profit from the sale.

It equates to Steve Bruce’s side earning between £5-6million if the deal goes through.

When asked by Football Insider‘s Dylan Childs for his thoughts on the money the Magpies stand to make, Whelan said: “That’s a masterstroke, really.

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“When you recognise that a young player has an immense amount of talent, even though they have not established themselves at your club, you get that clause in there.

“Newcastle realised that at some point Armstrong would be a big asset to another club. They’re covered their back and it has paid dividends.

“It’s a great bit of business for them. It is money for nothing that they can go and spend elsewhere.”

Armstrong scored 28 goals in 40 Championship appearances last term – only Brentford’s Ivan Toney scored more.

He has one year left on his contract at Ewood Park.

In other news, Maguire claims Mike Ashley may be leaving a ‘poison pill’ for PiF after a ‘classic’ Newcastle update.