Date: 21st August 2014 at 9:38pm
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Following an agreement between Burton Albion and Scunthorpe for striker Billy Kee, Torquay looks set for an unexpected windfall at this stage of the season owing to the sell of clause we inserted in the deal when he left us three years back.

Speaking to the official site, manager Chris Hargreaves confirmed that the money we received ultimately from this deal will not go into his playing budget, but in any event it provides the club with more wriggle room should something come up playing wise, and even if that’s not the case it will obviously have it’s own benefits on our overall financial footing.

‘The money won’t be used for my playing budget but I will ask Thea when I need something, and if the answer is yes, then great. But if it’s a no, I’ll just get on with it. For the club, it’s great news. I don’t know the figure but I believe it’s considerable. Any money the club gets from sell no clauses is fantastic and we’re also pleased for Billy. He’s a good lad, a good player and was a good signing for us.’

As those quotes were repeated by the wider media, there is also a line qualifying the ‘considerable’ element as being tens of thousands and potentially as much as £80,000 all told.

It’s also being reported that Torquay are set to offer professional terms to 17 year old Levi Ives.

The second year scholar has been impressive in our youth set up and was involved in pre season training with the first team such is his potential and manager Chris Hargreaves has already described the left back as ‘one of the best 16/17 year olds I’ve ever seen’ so clearly he’s being tipped for good thing.

Already representing Northern Ireland at U20 level is a big pointer to his development so far as well.

‘Lots of bigger clubs are watching him and there’s every chance of playing for our first team in the coming weeks. We’re in the process of offering him a contract.’

The gaffer told the BBC.