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Kings of Anglia Issue 10 Magazine Offer

Matt in cut-price sell-off

PUBLISHED: 20:01 22 May 2003 | UPDATED: 13:54 03 March 2010

IPSWICH are ready to accept a reduced fee of just £1million for skipper Matt Holland.

That represents a mere ten per cent of the valuation placed on the player by the club less than a year ago!

Holland's displays for the Republic of Ireland in last summer's World Cup finals saw his value rocket to a staggering £10 million.

IPSWICH are ready to accept a reduced fee of just £1million for skipper Matt Holland.

That represents a mere ten per cent of the valuation placed on the player by the club less than a year ago!

Holland's displays for the Republic of Ireland in last summer's World Cup finals saw his value rocket to a staggering £10 million.

That was the price tag slapped on the midfielder by then manager George Burley, who swooped to sign him from Bournemouth in an £800,000 deal in August 1997.

Now, because of a clause guaranteeing the Cherries 25 per cent of any profit on the player, Town will end up pocketing little more than they paid for him.

The dramatic collapse of the transfer market, together with Town's desperate need to cut costs, has forced them to drastically reduce their asking price.

In August last year they agreed a £4m deal with Aston Villa, only for Holland to reject the move in favour of staying put at Portman Road.

There were no further developments in January, when the transfer window re-opened, but it is now generally accepted that Holland has played his last game for Ipswich.

They can no longer afford the player's £1m-a-year pay deal and are resigned to accepting a cut-price fee in order to remove him from a crippling wage bill.

Town know that to hold out for a larger fee is likely to scupper interest in the player, n from back page since prospective new employers will be reluctant to match his lucrative Portman Road contract.

South Coast rivals Southampton and Portsmouth have both declared an interest, sounding out his representatives to gauge his feelings.

But Ipswich are still waiting for an official approach from either club, or any other would-be purchasers.

The expected transfer activity is unlikely to hot up until next month, once Holland has completed a Euro 2004 double with Ireland that should take his senior cap tally to 33.

He is currently in Dublin ahead of Euro 2004 qualifiers against Albania and Georgia, on June 7 and 11 respectively.

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