Sell-on clause could benefit Bulls
It has already been reported that Hereford United will receive £5,000 from Yeovil Town, following their promotion from the Conference, as part of the Michael McIndoe transfer deal from February 2001.
At the time Hereford were in even more financial trouble than usual and the income was needed to pay pressing bills.
Many supporters were unhappy to see McIndoe go but Graham Turner probably had little option at the time. However Turner was shrewd enough to add a sell-on clause as well as the promotion clause in the deal.
It is beleived that should McIndoe be sold on by Yeovil, Hereford will receive 25% of the fee. McIndoe, who has been tracked by amongst others Southampton, has featured strongly in the Yeovil campaign this season and is probably their most promising player.
Yeovil can afford to wait for a substantial offer for McIndoe as at present they are a very profitable club. On the other hand McIndoe, who came to Hereford from Luton, will no doubt feel that he can make the grade at a higher level.
It must be on the cards that he will move in the next year or two.The financial reward of any sale could benefit the Bulls by at least a five figure amount. A good return for a player who was signed from Luton for nothing.
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