Falkirk are £155,000 better off today after Bradford City paid compensation owed to the Bairns regarding the transfer of Mark Stewart.
The Court of Arbitration for Sport ruled in favour of the Westfield club last month following a long-running dispute with the Bantams.
FIFA originally backed Falkirk’s claim in January 2013 that they were due compensation for Stewart following his move to the Yorkshire club in July 2011 under freedom of contract.
But Bradford contested this ruling and appealed to the Swiss-based court. With no other legal avenue open to them, the club has now paid the agreed amount to the Bairns, as well their legal costs.
Falkirk general manager David White said: “It’s been a long, hard road to reach this point. But even after three years, we feel that it has been worth it.”
Heraldsport understands that the cash has not been earmarked for any specific spending plan, but that it could allow the club to post a small profit in the financial year.
The Bairns had originally claimed more than £215,000 from Bradford for the striker. They were due the training compensation as the club offered Stewart, who was then under-23, a contract within an allotted time-frame set-out by FIFA - but Stewart’s June birthday complicated matters.
Since leaving Bradford, Stewart has played for Hamilton, Dundee and Kilmarnock and is currently turning out for Derry City.