BURNLEY hope to find out the fee they will receive for former striker Danny Ings this month.

A tribunal is still to meet to decide on the compensation the Clarets are due for the 23-year-old’s move to Liverpool at the end of his Turf Moor contract last summer.

But Burnley boss Sean Dyche is keen to see the issue resolved, with the Clarets hopeful of landing a record tribunal fee of at least £8million for the striker who scored 43 goals in his time at the club.

And Dyche would rather see a panel setting the fee instead of the tribunal based system currently in place which awards compensation partly on development costs for players under 24.

“I think it’s going to be April some time,” Dyche said of the decision. “Why couldn’t it just be a transfer panel? Instead of the documentation it’s what’s this player is actually worth in the market today?

“Then you could have it done before the next season.

“If you get five or seven like-minded people with a good feeling in football, representing all parties and an outside view, a chief executive or of an out of work manager, it would be a lot quicker. Just a tribunal transfer committee.

“They’re not stupid, they’d look at all angles, not just goals scored. That’s a quicker and more efficient way of doing things. It could have been done in the summer.”

The money for Ings is likely to see Burnley at least break even on transfer dealings during this campaign, with the sales of captain Jason Shackell and right-back Kieran Trippier also helping to fund moves for Andre Gray, James Tarkowski, Rouwen Hennings, Matt Lowton and Tendayi Darikwa.

There will be more cash to spend this summer with the club on Thursday announcing record profits of £30.1million, although around £20million of that has been used to clear all debts and fund work at Turf Moor and the training ground.

Burnley remain uncertain which division they will be in next season - although they are sitting pretty at the top of the Championship and favourites for an immediate Premier League return - but Dyche insists that doesn’t have a major impact on his summer transfer plans.

“The likelihood is, there’ll be a couple of twists and turns, but we’ll be going for similar types of players,” he said.

“We’re not going to turn around and sign (Samir) Nasri from Manchester City.

“It will be from a similar group of players, it’s not going to be a massive jump.

“It’s a similar pool of players but if we get promoted the pool does move up, it’s a higher level, it would move forward but it’s not going to be a massive leap.”

While the Turf Moor accounts might make for good reading, Dyche will not risk the club’s future this summer.

And the Clarets chief will refrain from signing high wage earners on long-term contracts for fears of what might happen further down the line.

“The fans forget, it’s not year one,” he said of contracts. “What happens when you get to year three and they’re all sitting on their contracts? The ones you thought would move for millions don’t move for millions, they’re not worth what you thought they would be. That’s where the trouble starts.

“You can be hamstrung by having a group of players on big money who you can’t shift. If they’re not leaving you’ve got to pay for their contracts.

“If your carrying the wages it’s difficult.”