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Newcastle United have netted a “massive” sell-on payment from Ivan Toney’s move to Brentford, according to Darragh MacAnthony.

Peterborough United’s co-owner has spoken about the striker’s £10million move to the Championship team – and his former club’s timely windfall.

Toney, 24, joined the League One club two years ago in a reported £650,000 deal – and the sell-on clause is worth around £3million to Newcastle.

Speaking on The Hard Truth podcast, MacAnthony said: “Ultimately we have pulled off close to a miracle in getting such a fee for a player in the middle of a pandemic.

“Newcastle do have a massive sell on, which is fine. That’s how we do business in football. The big add-ons are why we got Ivan so cheap in the first place. I’m happy to help Steve Bruce’s transfer budget this summer.

“Newcastle were great to deal with two years ago when we signed Ivan, and they were great to deal with again in the last few weeks. We actually still owed them £100,000 on the original deal, as we were paying in instalments!”

Toney was sold by Rafa Benitez, and he spoke about his time at United in January.

"When he (Benitez) came in, I was injured at the time, and he put the injured lads at the bottom end, so it was kind of tough to take,” said Toney, signed from Northampton Town in 2015.

"Rafa’s a great manager, but, personally, I don't think I was given that chance. That's my opinion on it – others may feel different."

Newcastle United cash in on 'miracle' £10m deal