DUNDEE United are set to rake in £700,000 once Celtic’s sale of Stuart Armstrong to Southampton is sealed.
The Hoops have agreed a fee of £7m with the English Premier League club for the midfield ace, who is now negotiating personal terms with the Saints.
Once the Scotland star puts pen to paper, it will entitle former club Dundee United to a 10% cut of the transfer fee.
After two years in the Championship – and successive losses of over £1m – the cash will provide the Tangerines with a much-needed financial boost.
Gaffer Csaba Laszlo binned a host of players after losing to Livingston in the play-offs last month, and he has since signed nine players.
Another five or six could yet arrive before they kick off their Championship campaign against Dunfermline – from whom Nicky Clark and Fraser Aird have been poached – on August 4.
n Falkirk boss Paul Hartley has snapped up Paul Paton to make the experienced midfielder his 10th summer signing.
The former Partick Thistle and Dundee United player left St Johnstone in January and saw out the season with Plymouth Argyle, but was freed at the end of a short-term deal.
The 31-year-old, who has been capped five times by Northern Ireland, has penned a two-year deal with the Bairns.
n Dunfermline have been dealt a blow after it was revealed highly-respected coach John Potter has left to join Jack Ross’ backroom team at Sunderland.
Potter, who had a five-month spell as manager of the Pars in 2015, was a team-mate of Ross at St Mirren.
Meanwhile, Saints have tied down rising star Kyle Magennis on a new deal after he was linked with a possible move to join Jack Ross at the Stadium of Light.
The 19-year-old has penned a one-year extension that sees him commit to the Buddies until 2021.
Magennis has won the club’s young player of the year award for the past two seasons, and is the latest talented youngster to come through the ranks in Paisley, following the likes of Lewis Morgan and John McGinn.
n Aaron Lennox has revealed countryman Ryan Edwards sold him on a move to Partick Thistle.
The former Aberdeen and QPR goalie was a free agent after being released by Raith Rovers , and penned a one-year deal yesterday.
The Australian will now battle it out with fellow-new signing Cammy Bell for the No. 1 jersey, and said: “Ryan told me it’s absolutely fantastic.”
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