Crystal Palace fail with audacious bid as Chelsea confirm deal with Newcastle for Player of the Season
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According to reports, a fee of £28m plus £7m in add-ons will be activated at the end of the season which essentially means he is not likely to return to Stamford Bridge this season.
“To now be here at Newcastle, the club that I’ve supported since I was a kid, I’m honoured and very proud to wear this shirt,” Hall said.
“Me and my family are Newcastle fans, and for me and my brother growing up, it was drilled into us that we were Newcastle. It’s a big club and I can’t wait to get started.”
The young midfielder can also play as left back and won Chelsea’s Academy Player of the Season last year under Frank Lampard.
Reports of his exit started to escalate after his surprise limited game time in pre-season with Crystal Palace initially reported to be keen on him- but Newcastle United who will have Champions League football this season hijacked the deal, offering more money and structure to secure the deal.
Chelsea have spent close to £400million this summer adding to the £600million spent in the last two transfer windows- so a deal to sell Hall falls under the need to try and balance the books despite the player being tipped to be a star in the future.