After failing to secure Joseph to a new contract, Davey says that the deal will relunctantly go ahead: "Marc is a very important part of the Posh team and we would very much regret his loss, but it does seem quite clear that his mind is made up. The club will suffer in this instance from the Bosman ruling, which entitles Marc to leave the club at the end of this current season when his contract expires.
"Under those circumstances, it becomes necessary in the current financial environment for us to capitalise on the situation. If we were to wait until the end of the season or even a couple of months, it is inevitable we would not receive any compensation for losing him."
Joseph started his career as a trainee at Cambridge United, spending six seasons there before joining rivals Peterborough on a free transfer a year ago. Despite being at London Road for such a short space of time he has already appeared for the Posh on 73 occassions.