CHERRIES are set to receive a six-figure windfall after a tribunal ordered Liverpool to pay Burnley £6.5million for striker Danny Ings.

Ings left Dean Court for Burnley in August 2011 when he was signed by then-Clarets boss Eddie Howe for a fee rising to £1million.

The deal included a sell-on – believed to have a ceiling of around £200,000 – with Cherries set to bank the maximum.

Ings allowed his contract to run down at Turf Moor last season before moving to Anfield in the summer.

Liverpool offered £6million for the player as Burnley were entitled to compensation, with Ings under 23 years old at the time.

But that was rejected as the Clarets valued the player in excess of £10million.

The £6.5million sum is a new record for a fee set by a tribunal, with Liverpool due to pay a further £1.5million in add-ons.

It is understood there is a 20 per cent cut due to Burnley on any future profit should the club sell the player.

Released by Southampton as a schoolboy, Ings was invited to join the ranks at Dean Court by Joe Roach during his first spell heading the youth department.

Ings was handed his full debut as an 18-year-old by Howe at MK Dons in December 2010 and netted seven times to help Cherries reach the League One play-offs.