TORQUAY United have not received any money following Eunan O'Kane's move from Cherries to Leeds United – despite having a sell-on clause.
When Cherries signed the midfielder for £175,000 in July 2012, Torquay negotiated a 15 per cent sell-on.
O'Kane switched to Leeds for an undisclosed fee on transfer deadline day, with reports prior to the move stating Cherries were holding out for a transfer fee of £1million.
Torquay yesterday released a statement which revealed the club had not profited from the deal – but that it may in future.
The statement read: “Torquay United has to respect the confidentiality of the deal between AFC Bournemouth and Leeds United in regard to the transfer of Eunan O’Kane.
"However, we can divulge that Torquay United will not receive any monies at this present time due to the arrangement made between the two clubs.
"There is the possibility that the club will benefit from future payments.
“We apologise to all of our supporters that we are unable to divulge any further information as a result of the legally-binding contract between AFC Bournemouth and Leeds United.”
O'Kane was one of a number of players who played a key role in Cherries' rise from League One to the top flight.
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