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23/01/2025 - 18: 07 GMT Sam Sengupta Matt Mc Nulty/Getty Images Everton are set to receive a cash windfall from Leicester City’s sale of former Toffees’ striker Tom Cannon to Sheffield United. The Foxes, who bought Cannon from Everton in the summer of 2023, sold him to Sheffield United on Thursday for a reported fee of £10m. Cannon became a player of real interest for the Blades after showing impressive form in the first half of the season with Stoke City, where he was on loan. Tom Cannon is a Blade. ⚔️ — Sheffield United (@Sheffield United) January 23, 2025 The Foxes then recalled him earlier this month to then agree a fee and then finally officialise his exit. And, according to the Liverpool Echo, that puts Everton on course to bank a tidy cash sum from the move. Cannon cost Leicester a fee of £7. 5m to sign from Everton, meaning they are due to make £2. 5m profit on him. Everton will earn 25 per cent of the £2. 5m, meaning they will pocket £625, 000. It will help improve the Merseyside club’s financial situation under their new owners The Fredkin Group. Cannon scored nine goals in 22 Championship matches for Stoke City, who were reluctant to let him leave. Transfers Transfers Transfers Transfers Based in the United Kingdom and online since 2007, Inside Futbol provides football news, features and interviews. Our mission is to provide our readers with the most engaging football content, bringing the passion and excitement of the world's game to life. All rights reserved. © Copyright insidefutbol. com 2007-2025