Liverpool have been ordered to pay Burnley a record tribunal fee for Danny Ings of €8.4m plus €1.9m in add-ons.

The Professional Football Compensation Committee met in Manchester on Tuesday to consider the England international’s valuation after the two clubs were unable to agree terms on his move to Anfield last summer.

Ings left Turf Moor when his contract expired at the end of last season but, as he is under 24, Burnley were entitled to compensation for his development. Burnley had demanded around €15.5m for the striker and argued that competition from Tottenham Hotspur justified that sum, while Liverpool had initially offered £6m.

Having listened to submissions from Liverpool and Burnley this week, the tribunal has set Ings' total fee at €10.3m with €8.4m to be paid initially. The fee beats the €4.5m plus €3.9m in add-ons that Manchester City were awarded by a tribunal when Daniel Sturridge moved to Chelsea in 2009. City also received 15 per cent of Sturridge's €15.5m transfer fee when he moved to Liverpool in January 2013.

Burnley will get 20 per cent of any profit that Liverpool make on the sale of the striker. Their chief executive, 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.”

Ings made his England debut in October only to suffer a cruciate ligament injury that has prevented him from appearing under Jürgen Klopp shortly afterwards.