Burnley Football Club will receive a record £6.5m guaranteed compensation fee from Liverpool Football Club for striker Danny Ings.
The Professional Football Compensation Committee have also ruled that Liverpool must pay Burnley up to a further £1.5m, based on appearances.
Burnley will also receive £20% of any future profit from the sale of the player.
The initial payment is almost double the previous record fee for a tribunal, when Chelsea were ordered to pay Manchester City a £3.5m guaranteed compensation fee following Daniel Sturridge’s move to Stamford Bridge in 2009.
Burnley Football Club Chief Executive, Mr David Baldwin, said: “We acknowledge and accept the tribunal’s decision.
“We feel we must reiterate this is an unprecedented record payment for training compensation and not a transfer fee.
“As the initial fee decided by the committee represents almost double the previous record for a tribunal, this fully justifies our decision to press ahead with what we felt was a fair reflection of the part Burnley Football Club played in Danny’s development.”