Reading reportedly net seven-figure fee after Bournemouth complete Jack Stacey deal

L-R Jack Stacey of Luton Town and Sam Mantom of Southend United

Reading are to profit from Bournemouth’s transfer of Jack Stacey.

Jack Stacey of Luton Town

According to a report by Get Reading, Reading will earn a likely £1.2 million after Bournemouth completed a £4 million deal for defender Jack Stacey from Championship newcomers Luton Town.

It is suggested Reading inserted a sell-on clause of around 30% when they opted to allow Stacey to join Luton on a permanent deal back in 2017.

Stacey came through the Royals’ youth academy but he managed just six league appearances for the Berkshire club.

 

The fullback was instead loaned out to the likes of Barnet and Exeter City for first-team experience. At Exeter, he played 38 games during the 2016-17 campaign and helped the club reach the League Two playoff final.

Many at Reading thought he would push for a first-team place after returning from his Exeter loan spell in the summer of 2017. However, in a surprise twist, he was instead sold to Luton for an undisclosed fee.

Stacey quickly established himself as a regular at Luton and went on to feature 86 times in the league over two seasons, helping the Hatters to back-to-back promotions.

Jack Stacey and teammate Harry Cornick of Luton Town celebrate their side winning the league after the Sky Bet League One match between Luton Town and Oxford United at Kenilworth Road on...

Luton now join Reading in the Championship, while Stacey will get a shot of Premier League football next season after completing a move to Eddie Howe’s Bournemouth.

Reading will no doubt regret their decision to allow him to leave back in 2017. Get Reading do, however, report that the cash windfall from Stecey’s deal will ease the club’s current financial restraints.

A general view of Madejski Stadium before the Sky Bet Championship match between Reading and Fulham at Madejski Stadium on August 12, 2017 in Reading, England.

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