Burnley have been ordered to pay Manchester United £500,000 plus add-ons for Richard Eckersley.
The 20-year-old moved to Turf Moor on a four-year contract last summer but the two clubs failed to agree a transfer fee for the defender.
"The outcome is satisfactory," said Burnley's chief executive Paul Fletcher."When the smallest club in the league tries to take on the biggest club in the league you always wonder how it's going to end up.
"But we thank the tribunal for taking a common sense approach to this.
"We have always valued the player around the £300,000 mark until he starts establishing himself in the first team.
"When Manchester United were asking a million-plus we thought we had to stand up and be counted and that's what we did.
"The tribunal was represented by administrators of the Premier League who have hopefully seen the common sense of the way Burnley tries to run its business with sensible numbers, rather than allowing ourselves to get into financial difficulties further down the line."
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