Date: 31st January 2013 at 2:26pm
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Former Hornet Danny Graham has joined Sunderland for £5m today, netting the Hornets £225,000.

The 27 year-old striker returns to the North East to join Martin O’Neill’s side on a three-and-a-half-year contract for a fee revealed to be £5m.

As part of the deal which took Graham to Swansea City in the summer of 2011, Watford retained a 15 per cent sell-on clause on any profit the Swans made on the Gateshead-born forward.

Swansea paid Watford £3.5m for the former Middlesbrough hitman, meaning a £1.5m profit and £225,000 to boost the Hornet’s coffers.

Good luck at Sunderland, Danny!