Nottingham Forest have completed the loan signing of Chelsea defender Todd Kane with help from the Sky Bet Transfer Fund.The 21-year-old full back moves from Stanford Bridge to the City Ground for the remainder of the season in a deal assisted by Forest winning the £250,000 jackpot on offer as part of the Transfer Fund competition.
Kane is an England youth international and has previously played in the Football League during spells with Blackburn Rovers and Bristol City. He signed a professional contract with Chelsea in 2011 and was part of their 2011/12 FA Youth Cup winning side.
The signing of Kane was announced by Forest boss Stuart Pearce this morning. He said: “Todd is a player we know well and we are all looking forward to working with him.
“He will be a huge asset to the team and I’d like to thank Shaun Lander for participating in the Sky Bet Transfer Fund and helping the club to sign Todd.”
Kane becomes Forest’s first signing of the January transfer window and will join up with his new team-mates today.
Speaking about his move to the East Midlands for the remainder of the 2014/15 season, he said: “I’m really looking forward to this next challenge in my career. Forest are a huge club with great tradition and I hope to help them achieve success during my spell with them.”
Sky Bet Transfer Fund profile: Todd Kane
Forest scooped the £250,000 Sky Bet Transfer Fund prize when fan Shaun Lander was selected in a random draw at Wembley back in December.
Lander, who also won £5,000 for himself, said: “As a fan, I’m absolutely delighted I’ve played my part in helping to bring Todd Kane to the club - and all just by placing a £1 bet. Hopefully he can help our push for a play-off place.”
Fans who bet with Sky Bet earn a Transfer Fund token for every pound they spend, putting them in with a chance of winning the £250,000 Transfer Fund for their club.
Sky Bet head of sponsorship Edwin Martin said: “For our first winning fan, this signing must be a proud moment. Over 70,000 fans up and down the country have been taking part in the Transfer Fund, vying for a chance to help make a difference to their team in the second half of this season and for Shaun, this has become a reality.”
The Sky Bet Transfer Fund has been relaunched, with another £250,000 up for grabs for one Sky Bet Football League club to spend on transfers in the summer window.
While Nottingham Forest are currently subject to a Financial Fair Play embargo from The Football League, they are still permitted to register new players if they have 24 or fewer established players (players aged 21 or over that have made at least five starting appearances for the club) but only if the employee costs of the player being signed are less than £600,000 per annum (or pro-rata if signed on a shorter contract).
Where embargoed clubs have 24 established players, they are permitted to trade on a ‘one in, one out’ basis but only if the employee costs of the player coming into the club are no more than the lower amount of either 75% of the equivalent costs of the player going out or a maximum of £600,000 per annum (or pro-rata if signed on shorter contract).