No sell-on fee cash boost for Fleetwood as Vardy commits future to Leicester

England's Jamie Vardy celebrates scoring against Wales
England's Jamie Vardy celebrates scoring against Wales

Fleetwood Town will not be bagging a bumper pay cheque this summer after ex-player Jamie Vardy turned down an alleged £20m move to Arsenal and opted to sign a new deal at Leicester City.

Town chairman Andy Pilley revealed earlier this month that Fleetwood added a sell-on clause into the deal that saw Vardy join Leicester for £1m in 2012.

He told the Gazette that Town and Vardy’s former club Halifax would receive a cash sum - understood to be in the region of £4m - if the 29-year-old made the switch to City’s Premier League rivals Arsenal.

But current champions Leicester City have just agreed a new contract with the England striker who is currently in France preparing for the Three Lions’ first Euro 16 knock-out game against Iceland on Monday.

The Foxes responded with an offer said to be worth £100,000 and Vardy has agreed to stay at the club.

A Leicester City spokesman said: “Leicester City have today agreed with the representatives of Jamie Vardy to extend the England international’s contract with the Premier League champions for a further four years.

“Both parties hope that this announcement will end recent speculation regarding Jamie’s future and confirm his long-term commitment to Leicester City Football Club.”