Leicester City Sign Dany

27th June 2009

As TFI reported on June 13th, Leicester City and Dany N'Guessan have officially completed the player's move to the newly promoted Championship club.

Unfortunately, as we also reported, a compensation deal between Leicester City and Lincoln City has yet to be agreed meaning that the two clubs will take pot luck at a tribunal although Lincoln are still hopeful that a last minute package can be agreed.

According to reports in Leicester, Lincoln want £400,000 for the French winger, which Leicester consider is too high. The Imps are holding out for that amount as they have to offset a 33% sell-on clause payable to Glasgow Rangers as agreed when N'Guessan joined Lincoln in January 2007.

As N'Guessan is under 24-years of age, Leicester City will have to pay Lincoln compensation. In January, The Imps rejected an undisclosed six-figure bid for the player from MK Dons so that could be the guideline should the negotiations head to a Football League tribunal, which now appears likely. Lincoln offered N'Guessan a new contract that would have made him the highest paid player at the club; this too should go in Lincoln's favour should a tribunal be required to set the transfer fee.

N'Guessan has been watched by numerous clubs this year including Doncaster Rovers, Ipswich Town, Leeds United, MK Dons, Nottingham Forest, Reading, Sheffield United and Sheffield Wednesday. Several clubs though soon lost interest, with only Ipswich Town emerging as serious rivals to Leicester's bid. However, Leicester were always the favourites to sign N'Guessan, who has penned a three-year contract.

The talented winger joined Lincoln on a free transfer from Rangers in January 2007 and went on to score 17 goals in 99 appearances for The Imps.

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