Foxes agree N'Guessan fee
Lincoln have reached an agreement with Leicester for compensation regarding Dany N'Guessan.
Last Updated: 28/07/09 11:30am
Lincoln City have confirmed an agreement has been reached with Leicester City for compensation regarding the transfer of Dany N'Guessan.
The winger signed a three-year contract with the Foxes earlier in the summer after rejecting the chance to extend his deal with Lincoln.
However, the League Two club were entitled to compensation due to N'Guessan being aged 21 and it appeared the fee may have to be decided by a tribunal.
Talks have been taking place between the two clubs and Lincoln chairman Steff Wright is pleased to have reached a satisfactory outcome, with the Foxes paying an undisclosed sum.
"The talks have been very amicable between both parties, very professional and I'm glad that we've avoided a tribunal," Wright told the Lincolnshire Echo.
"It is a long process and it costs time, and ourselves and Leicester were keen to avoid going down that route.
"The fact the deal has not been completed sooner is because the people involved have been away and that's the only real reason for the delay.
"But I am certainly comfortable about the deal that we have agreed with Leicester.
"We will receive a fee up front and there are other various add-ons as well."