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Page last updated at 17:49 GMT, Tuesday, 27 April 2010 18:49 UK

Notts County to tear up Kasper Schmeichel deal

Notts County goalkeeper Kasper Schmeichel
Schmeichel made 46 appearances for Notts in league and cup

Notts County have agreed to release goalkeeper Kasper Schmeichel on a free transfer at the end of the season.

The 23-year-old Dane was reported to be on £15,000 a week after being signed in the short-lived Munto Finance revolution last summer.

The former Manchester City man, named in the League Two team of the season, had four years left on his deal.

Chairman Ray Trew said: "To hold out for a possible transfer fee was too big a risk for this football club."

He continued: "If we were not able to sell him, the value of his contract over the next four years was such that it could have had severe financial implications on Notts County's future.

"Kasper has agreed to forgo all his future wages, which is a huge concession by such a young man."

Schmeichel made 40 League Two appearances for Notts as they clinched promotion and will leave on 11 May.

He said: "I have had a terrific season at Notts and thoroughly enjoyed every moment and I'll be first in the queue for the end-of-season DVD.

I am sad to be leaving and I'd like to thank all of the players, staff and in particular the fans

Kasper Schmeichel

"It is flattering to be linked with other clubs in the press but so far no-one has made a bid for me so I'll just have to wait and see.

"I came here at the start of the season and there were big plans but our focus was on gaining promotion, which we have done.

"With the new owners hopefully the club can continue to move forward. I am sad to be leaving and I'd like to thank all of the players, staff and in particular the fans who have been fantastic all season."

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