Peterborough United chairman Darragh MacAnthony believes he negotiated a 'phenomenal deal' with Ipswich Town for the sale of midfielder Jack Taylor.

The Blues finally landed their long-term target yesterday, with the 25-year-old penning a three-year deal at Portman Road.

It's understood that the transfer fee, while officially undisclosed, is around £1.5m for a player that was entering the final year of his contract. That has the potential to rise significantly with various add-ons though.

Posh paid an initial £500k for Taylor when signing him from National League club Barnet in January 2020.

"It was the right deal for Jack," said MacAnthony, in a video posted on Twitter.

"It was the right deal for our club and I agreed 36 hours ago the final fee, the final bits and pieces. It's an incredible deal for us, it's a great deal for Jack, we wish him well.

“To all those mugs in the Championship, who didn’t come in for him, you’ve f*****d up, like you did with the Ivan Toney deal a couple of years ago when you could have come in for him and you didn’t.

"He is one of the best young central midfielders outside the Premier League and I firmly believe he could propel Ipswich on a Premier League promotion run.

East Anglian Daily Times: Ipswich Town chief executive Mark Ashton (right) and chief operating officer Luke Werhun. Ipswich Town chief executive Mark Ashton (right) and chief operating officer Luke Werhun. (Image: Archant)

"I don’t want to get into a row with Ipswich fans over the price and the transfer and who got the better deal. But trust me, I'm a bit like the mounties, I always get my man when it comes to a deal.

"It's a phenomenal deal for us, it's a great deal for Jack. As I promised him, my word's my bond, I do it with my players. I promised him in January that we would do this deal in the summer and we've done that."

MacAnthony, who revealed that Taylor had a tour of Portman Road back in January, added: "I wish him nothing but the best of luck. Love to him and his family. He's been a brilliant player for our football club.

"And I wish Ipswich all the best. I am now a big fan of Ipswich and hope they get promoted to the Premier League because that's worth a lot of money to us, as is the big sell-on, as is the great transfer fee.

MORE: 'It's optimistic - but I think I can do it' - New boy Taylor sets himself a target

"To (Ipswich CEO) Mark Ashton and Luke (Werhun), his number two and sidekick, it's been great doing a little bit of sparring with you. I look forward to doing more sparring in the future.

"Enjoy this boy, Ipswich fans. This is a proper signing and this will propel you."