Peterborough United chairman Darragh MacAnthony has revealed exactly how much it cost to take Jason Cummings on loan from Nottingham Forest.

The Reds striker made the switch to Posh last summer and was due to spend the season there, but his deal was brought to an early end in January after he had fallen down the pecking order.

Cummings had made a bright start at the ABAX Stadium, being crowned League One Player of the Month for August as he hit six goals in as many games, in all competitions.

He only scored twice more after that however, with both coming in the Checkatrade Trophy, as his form began to tail off.

The Scot also hit the headlines for the wrong reasons in October, when footage emerged of him trashing his own flat, and he started to fall down the pecking order at the club.

In total, he made 29 appearances for Peterborough, before he left prematurely and went on to sign for Luton Town on loan for the second half of the campaign.

Speaking in a question and answer session on social media, MacAnthony detailed the amount spent on Cummings – with the figure in excess of £250,000.

Jason Cummings celebrates his goal for Peterborough at Charlton

Responding to a question about why he sacked Steve Evans, MacAnthony said: “We invested heavily in the summer. He’d argue that we didn’t – that we sold loads of players.

“But the reality is we spent a fortune on facilities and players; agents’ fees, wages on players from Scotland, we spent a lot of money.

“The Jason Cummings deal alone cost us well over a quarter of a million, for a loan player.

“We had so many loan players it was doing my head in, particularly in January.”

Taking total costs into account, the Posh chief said about £650,000 had been spent on loan players this term.

Cummings has featured once for Luton, as a late substitute in a 3-0 win over Wycombe Wanderers at the start of February.