Tom Cannon has joined Leicester City on the final day of the summer window, with the striker leaving Everton in a permanent deal that could eventually be worth £7.5m.
The Foxes have agreed a fee worth an initial £6m with an additional £1.5m dependent on appearances for the 20-year-old who had signalled to the Blues his desire to leave Goodison Park this summer to seek regular first-team football.
Cannon briefly broke into the senior Everton side last season under Frank Lampard as the Blues desperately tried to cover for the injured Dominic Calvert-Lewin before he joined Preston North End on loan.
However, he couldn't convince Lampard's successor, Sean Dyche, that he was ready to lead the line and the recent arrivals of Youssef Chermiti and Beto coupled with Calvert-Lewin's return to fitness appeared to close the door to Cannon's chances of playing regularly.
A clutch of Championship clubs had queued up to sign him this summer, with Preston initially agreeing another loan deal before Leeds, Norwich, Middlesbrough, Swansea and Leicester joining the race and it was the Foxes who signed him on a five-year deal just before tonight's deadline.
According to The Athletic, the deal with the Foxes includes a "substantial" sell-on clause for Everton.
Reader Comments (42)
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2 Posted 01/09/2023 at 14:35:27
Cannon is a goal scorer. I hope a sell-on clause has been added cos Cannon will be a £20M+ striker next summer after he's banged in 20 goals for Leicester.
3 Posted 01/09/2023 at 14:36:59
4 Posted 01/09/2023 at 14:42:24
There's some good news, at least we're also offloading Maupay on loan to Brentford.
5 Posted 01/09/2023 at 15:29:13
Good luck to him.
6 Posted 01/09/2023 at 15:52:02
7 Posted 01/09/2023 at 15:52:02
8 Posted 01/09/2023 at 16:48:09
I always saw him head and shoulders above Simms and Dobbin, he will score goals wherever he goes.
So perhaps it tells us much about where we are financially, we really are desperate for cash, or we just don't have time to wait for that potential to develop, but if that's the case, why pay £15M for a 19-year-old.
9 Posted 01/09/2023 at 16:54:37
Could've saved money and integrated Cannon into the squad. I've watched Chermiti for 75 minutes, how many minutes has Thelwell watched him? He's only played about 15 games so probably not a lot more than me.
I'm going to stick my cock on the block and say he's another Moise Kean.
10 Posted 01/09/2023 at 17:20:20
11 Posted 01/09/2023 at 17:37:19
Good luck to the boy!
12 Posted 01/09/2023 at 18:22:57
13 Posted 01/09/2023 at 19:19:01
I hope he is happy (and EFC are too) with this move and he does well for himself but also hope we have something written into deal which would enable him to come back for reasonable money should he prove his credentials there.
14 Posted 01/09/2023 at 21:19:19
We create an Acadamy based on the Everton Principles of Acadamy of Excellence. Now we are exporting our best graduates. Where is the strategy and plan for the future?
In Everton, there is no thinking beyond the next game and, as long as that mentality lasts, we will be in a perennial relegation battle.
15 Posted 01/09/2023 at 21:36:32
For every Robinson (who's not that amazing he's a competent top level player like Daniel Fox) there's a handful of Penningtons, Garbutt, etc we held onto too long.
It's difficult to predict. Early on Davies was linked with moves to “big clubs†as was Cadamarteri years ago. We held onto both for years and years and they got worse game by game. Similar story with Kenny and Galloway who also left on frees, and Dowell who generated a nominal fee. You get impatient youngsters like Kieran Abenoyi, Ledson and Thierry Small who leave at the first chance of first team football but then never amount to much. People like Charsley do the opposite patiently waiting until suddenly they're in their mid 20s without an appearance to their name.
I haven't seen enough of Cannon myself but his scoring record always caught my eye. Although for what it's worth some of the TW U21 regulars seemed to say “he scores a few goals even though he doesn't look that good.†So who knows what will happen. Personally I'd have given him a bit more game time but then again I don't see him in training each day.
Good luck to him though.
16 Posted 01/09/2023 at 23:15:17
Done well, Leicester, to get Cannon, our loss Leicester's gain.
17 Posted 01/09/2023 at 23:26:00
18 Posted 02/09/2023 at 00:34:17
Can we get Vardy on loan / free?
19 Posted 02/09/2023 at 03:49:04
This kid can finish, bagged 8 in his last 12 Championship games, keeps up that ratio and he's automatically a £25M player.
£1Mloan deal was a no brainer, can't see the logic in this sale, have a feeling this one will be one we regret going forward.
20 Posted 02/09/2023 at 04:14:36
21 Posted 02/09/2023 at 04:41:18
Good luck to him because he will already be made for life after this transfer, so I hope his main desire now is to score goals and prove the people at Everton wrong by being a success and scoring loads of goals.
We got nothing for Tom Davies and Jonjoe Kenny, but £6M up front for Tom Cannon. The big question though is, has the club suddenly began to learn, or has this been done out of necessity?
22 Posted 02/09/2023 at 04:41:24
Should have been £7.5M rising to £10M.
23 Posted 02/09/2023 at 04:53:07
Anthony Gordon £45 million
Isaac Price £0.5 million ? (Development fee)
Ishe Samuels-Smith £4 million
Ellis Simms £6 million
Tom Cannon £7.5 million
That is £63 million by my calculation, which is terrific return on investment.
Of course, the other side to the story is we might have let some gems slip through our fingers, and it is always sad to see our homegrown players leave the club.
But I see this as a good strategy driven by our financial circumstances to stay afloat in the league. Hopefully, we see some of our good youth players breaking into the squad – Onyango, Stanley Mills, Warrington are still on our books. Plus we have some talented players breaking through.
Does anybody know if we signed the Chelsea hotshot forward who was on trial and is supposed to be the ‘next big thing'?
24 Posted 02/09/2023 at 06:35:28
But it is sad to see young talent leave the club.
25 Posted 02/09/2023 at 06:45:17
Kieran, Robinson starts every game in the Premier League, has a fantastic engine, and rarely gets injured. He's way better than average and rarely does anyone go past him. He would walk in to our left-back spot.
26 Posted 02/09/2023 at 07:01:44
Sold him to Wigan for buttons then played them at their gaff pre season; imo, he was the best player on show.
Fast forward 6 months and he failed a medical at AC Milan, but they still had a serious look at him.
12 months on he's a regular for Fulham and he's played regular for the states, walks in our 11 imo.
Shows exactly why you have to loan these lads out til you know for a fact they aren't good enough.
Sold for less than £2M, better than Myklenko at £15M and Young on big wages.
Got a feeling Cannon will be another one we wish we kept.
27 Posted 02/09/2023 at 07:33:44
This is a dreadful piece of business.
28 Posted 02/09/2023 at 07:35:36
29 Posted 02/09/2023 at 08:07:31
30 Posted 02/09/2023 at 08:17:56
31 Posted 02/09/2023 at 08:23:44
I too haven't really seen enough of Cannon to give an educated view on him the player. What is important for him is to play football, so it seems he has made a footballing decision. Good on him.
On one hand, a good move for him and good business by the club.
On the other, we are going to run out of players to have on the bench at this rate, including today!!
My suspicious analyst nature feels we are focussed on next month's hearing, but I don't claim to know.
I don't watch the youngsters too often, but I do like Mills and Warrington. Hopefully when they come back from loan, they can feature with the first-team squad. I might go and watch Oxford as it's not too far from where I am.
I'm not sure why we are judging a 19-year-old Portugese player before he's hardly kicked a ball.
32 Posted 02/09/2023 at 08:31:17
34 Posted 02/09/2023 at 09:22:19
35 Posted 02/09/2023 at 09:39:41
l blame Dycheball as he is a big hoof type manager and Cannon plays good one touch footy. Best of luck Tommy.
Everton, the team that keeps on giving… fucking shambles of a club. Nil satis blah, blah, blah – my backside.
36 Posted 02/09/2023 at 12:08:51
It is probably, unfortunately, an indictment of the way the Academy has been run.
37 Posted 02/09/2023 at 14:50:45
The initial £6M might sound like a pittance but that is the going rate of an above-average Championship Player. Since Cannon has no intention to sign an extension, more time letting him run down his contract, the worse for the club.
If one doesn't like this deal, look again at what we got for Simms (£3.5M up front), who arguably has a better track record (half a season at Scottish Premiership, 2 half-seasons at Championship) than Cannon currently has (though 3 years older).
If the reported sell-on % is indeed "substantial" (I would imagine 25% to 30% of Cannon's transfer fee), then this will be a good deal, unless Cannon flames out and Leicester end up selling him to his next club for less than the initial £6M they forked out. IMHO, that doesn't look likely.
38 Posted 02/09/2023 at 17:57:08
Sorry but this was the smart move.
39 Posted 02/09/2023 at 18:36:55
Everyone will get a better idea after he's gone thru 45-50 this season.
40 Posted 03/09/2023 at 10:18:59
41 Posted 05/09/2023 at 23:46:42
43 Posted 05/09/2023 at 23:55:04
44 Posted 06/09/2023 at 20:44:27
No, he signed a new 3-year contract in August 2022.
I don't know the going rate for Championship strikers still to reach their prime but £6M seems very low. Still, more than Preston and other interested clubs could muster.
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1 Posted 01/09/2023 at 14:29:03