01/09/2023 42comments  |  Jump to last

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.

Article continues below video content

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)

Note: the following content is not moderated or vetted by the site owners at the time of submission. Comments are the responsibility of the poster. Disclaimer ()

Jimmy Salt
1 Posted 01/09/2023 at 14:29:03
I don't get this.
Gavin Johnson
2 Posted 01/09/2023 at 14:35:27
Playing devil's advocate here, but how is Chermiti better and worth more than Cannon?

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.

Ian Jones
3 Posted 01/09/2023 at 14:36:59
I don't blame him if he wants to leave to have a greater chance of a game elsewhere. He'll just sit on the bench with us. Good luck to him if he goes.
Gavin Johnson
4 Posted 01/09/2023 at 14:42:24
Ian, yeah, you can't blame him for wanting a move when the club have just spent £15M on a 19-year-old, knocking hum further down the pecking order.

There's some good news, at least we're also offloading Maupay on loan to Brentford.

Martin Reppion
5 Posted 01/09/2023 at 15:29:13
Good bit of business if there is a sell-on clause.

Good luck to him.

Ian Jones
6 Posted 01/09/2023 at 15:52:02
Even better business if we have first dibs in buying him back if he proves his worth at Leicester or wherever he ends up
Ian Jones
7 Posted 01/09/2023 at 15:52:02
Even better business if we have first dibs in buying him back if he proves his worth at Leicester or wherever he ends up.
Barry Cowling
8 Posted 01/09/2023 at 16:48:09
If this happens, then I would be quite disappointed. I would like to have seen another loan as, when he gets 15+ goals, then his value pretty much doubles.

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.

Jeff Armstrong
9 Posted 01/09/2023 at 16:54:37
Barry #8 agree, Cannon looks a better prospect than Chermiti, early days but he was gash against Donny.

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.

Terry Farrell
10 Posted 01/09/2023 at 17:20:20
Terrible decision for loose change at this level. Antoinee Robinson mess up! When Preston Stole Sunderland Norwich and Preston all want to buy him not get him on loan big RED FLAG
Christopher Timmins
11 Posted 01/09/2023 at 17:37:19
The boy deserves a move and he may turn out to be a very good bit of business for Leicester. Let's face it at £7.5 million there is not much downside for them.

Good luck to the boy!

Jack Convery
12 Posted 01/09/2023 at 18:22:57
Good luck to him. He's a goodun and will do well for Leicester. Vardy will teach him a thing or two.
Peter Hodgson
13 Posted 01/09/2023 at 19:19:01
I'm one who has been quietly been advocating promoting him to the fist team and letting him develop and learn there but I'm not his manager so what I think isn't important is it.

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.

Neil Cremin
14 Posted 01/09/2023 at 21:19:19
I have seen on post by our TW expert managers but also on Everton FC Directors of Football that it is time to move Tom Cannon on. Just like with Simms.

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.

Kieran Kinsella
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.

Brian Wilkinson
16 Posted 01/09/2023 at 23:15:17
Sorry to see this lad go. I think he has better potential than Dobbin and the new lad Chermiti, with Maupay moving on, we are sweating on Beto and Calvert Lewin staying free from future injuries, Chirmiti looked clumsy at Doncaster, may settle in well but not ready yet for me.

Done well, Leicester, to get Cannon, our loss Leicester's gain.

Ben King
17 Posted 01/09/2023 at 23:26:00
Not sure why we sold rather than loaned him???

Justin Doone
18 Posted 02/09/2023 at 00:34:17
Hope he does well and enjoys some game time. The £6M is good value, hope we have the Barca style buy-back clause, just in case.

Can we get Vardy on loan / free?

Anthony Dwyer
19 Posted 02/09/2023 at 03:49:04
Gavin 2 & 4, Agree mate.

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.

Paul Kernot
20 Posted 02/09/2023 at 04:14:36
I can only go off what I saw in Australia last year but, in the 2 games he played in, he just wasn't good enough. Mills and definitely Anthony Gordon were better by some way in my view.
Tony Abrahams
21 Posted 02/09/2023 at 04:41:18
Cannon needs to go out and play, especially after his very successful stint at Preston last season.

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?

Gavin Johnson
22 Posted 02/09/2023 at 04:41:24
£6M rising to £7.5M is a joke.

Should have been £7.5M rising to £10M.

Ajay Gopal
23 Posted 02/09/2023 at 04:53:07
In the past 12 months, we have sold these academy players:

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'?

Steve Brown
24 Posted 02/09/2023 at 06:35:28
The reason the sale of academy players is so beneficial to the club from a financial fair play perspective is that the profit on the sale is taken as pure profit on the P&L.

But it is sad to see young talent leave the club.

Terry Farrell
25 Posted 02/09/2023 at 06:45:17
Kieran and Ajay – good comments. Plus £1.5M for Broadhead who's scoring for Ipswich.

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.

Anthony Dwyer
26 Posted 02/09/2023 at 07:01:44
Antonee Robinson it is Terry.

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.

Neil Lawson
27 Posted 02/09/2023 at 07:33:44
Are we so desperate for £7M which has not been spent that we couldn't afford to send him back out on loan where his talent and/or his value increases?

This is a dreadful piece of business.

Terry Farrell
28 Posted 02/09/2023 at 07:35:36
Agreed, Anthony. I saw him play in a mini derby and stood out. Was replying to Keiran who says he's average in a previous text.
Jerome Shields
29 Posted 02/09/2023 at 08:07:31
Everton just realising value where they can. He will probably do well at Leicester. Good Luck to him.
Paul Smith
30 Posted 02/09/2023 at 08:17:56
A lot of fans thought this fella was our future. The view from the stands is still obstructed.
Danny O’Neill
31 Posted 02/09/2023 at 08:23:44
I read through the comments.

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.

Anthony Dove
32 Posted 02/09/2023 at 08:31:17
Selling our best youngsters is absolutely not the way forward in our financial state.
Paul Hewitt
34 Posted 02/09/2023 at 09:22:19
I have a feeling we will come to regret this sale when he's scoring goals in the Premier League next season.
Phil Bickerstaff
35 Posted 02/09/2023 at 09:39:41
Gavin @2 totally agree. He is one top player and will be up there with the best.

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.

Alan J Thompson
36 Posted 02/09/2023 at 12:08:51
I've not seen much, almost nothing, of the lad but it does seem a tad hasty and more a matter of finances than anything.

It is probably, unfortunately, an indictment of the way the Academy has been run.

Dupont Koo
37 Posted 02/09/2023 at 14:50:45
For a want-away player with potentials but without too much Premier League track record, Thelwell did exceptionally well in Cannon's case.

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.

Habib Erkan Jr
38 Posted 02/09/2023 at 17:57:08
Slow, unimpressive preseason.

Sorry but this was the smart move.

James Flynn
39 Posted 02/09/2023 at 18:36:55
Outside of the 20 game run last season, Tom only played against fellow teens.

Everyone will get a better idea after he's gone thru 45-50 this season.

Si Cooper
40 Posted 03/09/2023 at 10:18:59
With Maupay going out on loan, I was surprised by this move still going ahead.
Phil Lewis
41 Posted 05/09/2023 at 23:46:42
I believe that we will most certainly regret this sale in seasons to come...
Ben King
43 Posted 05/09/2023 at 23:55:04
Was he in the last year of his contract?
Michael Kenrick
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.

Add Your Comments

In order to post a comment, you need to be logged in as a registered user of the site.

» Log in now

Or Sign up as a ToffeeWeb Member — it's free, takes just a few minutes and will allow you to post your comments on articles and Talking Points submissions across the site.

How to get rid of these ads and support TW

© ToffeeWeb