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Page last updated at 07:44 GMT, Tuesday, 28 April 2009 08:44 UK

Imps set for six-figure windfall

Jack Hobbs
Leicester are believed to have paid Liverpool 400,000 for Jack Hobbs

Lincoln City could be in line to receive about £200,000 in the summer thanks to clauses in transfer deals.

A sell-on clause means the Imps will receive money from Liverpool after Jack Hobbs' move to Leicester on Friday.

Peterborough's promotion from League One has triggered a £60,000 payment in the deal which took former Imps manager Keith Alexander to London Road in 2006.

And Watford have paid an extra £40,000 after goalkeeper Scott Loach made 30 appearances for the Championship side.

Lincoln chairman Steff Wright told BBC Radio Lincolnshire: "We have to try and put little deals in there which will benefit the football club.

"Unfortunately the money isn't going to come through the turnstiles each season."

The Imps will receive 25% of the transfer fee that Leicester paid Liverpool for defender Hobbs, who is thought to have cost the League One champions £400,000.

Wright added: "The actual fee is undisclosed and it won't go through until the transfer window opens again anyway, but at that point we'll know how much we're owed from it."

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see also
Jackson backs N'Guessan accolade
27 Apr 09 |  Lincoln
Hobbs signs permanent Foxes deal
24 Apr 09 |  Leicester
Imps goalkeeper to join Hornets
07 Apr 06 |  Watford

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