Oyston plays down Ollie bonus
Karl Oyston says it is 'insignificant' that Ian Holloway will receive a cut of any transfer fee for Charlie Adam.
Last Updated: 27/01/11 11:22am
Blackpool chairman Karl Oyston has dismissed revelations that manager Ian Holloway will receive a percentage of any transfer fee for captain Charlie Adam as 'insignificant'.
Holloway has come to an agreement with Oyston that will see him awarded a percentage of any sum the club receive for selling a player he has coached.
The arrangement does not contravene any regulations and is not new, but has nevertheless raised questions about conflicts of interest.
Holloway is determined to keep hold of Adam and Blackpool have rejected bids from Liverpool, Birmingham and Aston Villa, with the Seasiders stressing that it would take a much larger offer to prise the midfielder away from Bloomfield Road.
Holloway maintains that any transfer cut would compare little to the bonus he would receive for keeping Blackpool in the Premier League, and for that Adam is vital.
And Oyston does not believe that news of this clause in Holloway's contract should alarm anyone.
He said: "This is insubstantial and insignificant and shouldn't be focused upon."
Adam has been in fine form throughout the first half of the season and Blackpool have made it clear they are under no pressure to sell a player who still has 18 months remaining on his contract.
Oyston added: "There is no situation at all."
When asked further he said: "There has been enough said already so I am not prepared to comment any further."