Adam's form has prompted Holloway to put a high price on his captain

Blackpool insist a clause in boss Ian Holloway's contract stating he is due a percentage of any transfer fee from the sale of Charlie Adam is insignificant.

Chairman Karl Oyston agreed the clause, which does not break any rules, with Holloway when he took charge in 2009.

"The rewards Ian receives for retaining Premier League status dwarf anything he would receive in net player profits," Oyston told BBC Radio 5 Live.

Holloway has denied he wants a higher price for Adam to boost his bonus.

Blackpool's influential skipper has attracted bids from Liverpool, Aston Villa and Birmingham during the January transfer window, with Holloway particularly critical of the £4m bid from the Reds for his 25-year-old Scotland international.

The 47-year-old is keen to keep Adam, who has handed in a transfer request, at Bloomfield Road.

surely anybody with one eye, one arm, one leg and half a brain can see Charlie Adam is a fantastic footballer who is worth more than £4m. Blackpool boss Ian Holloway

However, he stressed that any transfer cut he would be due, would be tiny in comparison to the bonus he would receive for keeping Blackpool in the Premier League.

He told the Sun: "My chairman looked at my record of producing players and selling them on and he wanted that at Blackpool.

"And I was sick and fed up of getting nothing... so he agreed a certain figure. But I'm on a far bigger bonus to keep us in the Premier League.

"And surely anybody with one eye, one arm, one leg and half a brain can see Charlie Adam is a fantastic footballer who is worth more than £4m.

"If you're saying I'm doing this because I'm getting 20-30% of the Adam money I'll not be very happy - it's miles away, absolute nonsense.

"I bought a frustrated kid from Rangers, we bought him very wisely, and in 18 months we've gone from 16th in the Championship to 12th in the Premier League with his help."

Adam, who joined then Championship side Blackpool in August 2009 from Scottish Premier League side Rangers for £500,000 will have 12 months remaining on his contract in the summer.

Oyston added on BBC Radio 5 live: "I don't think there is any conflict [of interest] whatsoever because our club is geared massively towards retention of Premier League status.

"Ian has got a huge wealth of talent that he has signed, developed and sold over his career that he hasn't been rewarded for and, frankly, I have absolutely no issue with him being rewarded on an incentive basis for whatever he achieves for us."

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