Sell-on clauses are common in football so it comes as no surprise that Fleetwood Town inserted one in the deal which saw Jamie Vardy move from the (then) Conference Premier side to Leicester City.

What might surprise many is the size of the clause in play here – a whopping 25%.

Vardy moved from Fleetwood in 2012 for £1m, but The Fishermen (or Cod Army if you prefer) are set to profit to the tune of £5m when Vardy completes his £20m move to Arsenal.

That’s £6m for a player whose highest level of experience when he was sold to Leicester was playing Blackpool in the FA Cup.

At that time, ‘Pool’s manager, Ian Holloway, offered £750,000 for Vardy, but Fleetwood held out in the hopes of getting £1m for him and a loan back to the club.

I doubt they can believe their luck, given he only played for them for a season (scoring 31 in 36 league games).

A club that plays in a ground with a capacity just over 5,000, the clause is the equivalent of every fan at Highbury (they also play in red shirts with white sleeves) giving the club just under £1,000 (or, to put it another way, around the price of a cheap Arsenal season ticket).

FLEETWOOD, ENGLAND - JANUARY 07: Jamie Vardy of Fleetwood Town celebrates after scoring his goal during the FA Cup sponsored by Budweiser third round match between Fleetwood Town and Blackpool at Highbury Stadium on January 7, 2012 in Fleetwood, England. (Photo by Alex Livesey/Getty Images)
FLEETWOOD, ENGLAND – JANUARY 07: Jamie Vardy of Fleetwood Town celebrates after scoring his goal during the FA Cup sponsored by Budweiser third round match between Fleetwood Town and Blackpool at Highbury Stadium on January 7, 2012 in Fleetwood, England. (Photo by Alex Livesey/Getty Images)

Founded in 1908 as Fleetwood FC, they are in their third incarnation with their current set-up coming in to existence in 1997.

Their chairman, Andrew Pilley, has ploughed £10m into the club since he took over in 2004, and as well as refurbing their stadium, has watched his side earn six promotions in 10 years, taking them to the heady heights of League One.

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Writer. Feminist. Dreamer. Gooner. Owner of DailyCannon.com, writing about Arsenal since 2008. Sometimes found in the Guardian, Vice.com & elsewhere talking queer issues, politics & football. If in doubt, assume sarcasm.