Blackpool chairman Karl Oyston has dismissed revelations that manager Ian Holloway will receive a percentage of any transfer fee for captain Charlie Adam as "insignificant".
Holloway has said he is entitled to a percentage of any sum the club receive for selling a player he has coached.
He has however denied that is the reason why he and the Seasiders are holding out for a higher price for star midfielder Adam, who has attracted bids from Liverpool, Birmingham and Aston Villa this month.
Holloway has stressed that any transfer cut would compare little to the bonus he would receive for keeping Blackpool in the Barclays Premier League, and for that Adam is vital.
Oyston told Press Association Sport: "This is insubstantial and insignificant and shouldn't be focused upon."
The arrangement does not contravene any regulations and is not new, but has nevertheless raised questions about conflicts of interest.
Holloway has been adamant in his determination not to sell Scotland international Adam, 25, for a fee that falls below his valuation.
Holloway has been critical of Villa and Liverpool for what he believes are derisory offers, the most recent reported to have been £4million from the Merseyside club.
He said in The Sun: "That's not what I'm (resisting offers for Adam) for. I'm on a far bigger bonus to keep us in the Premier League and Charlie Adam can help me do that.
"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 joined then Championship Blackpool for £500,000 in August 2009 and inspired their shock rise to the Premier League.
His continued good form throughout the first half of this season has attracted many admirers and the interest from other clubs has prompted the player to hand in a transfer request.
But Blackpool insist they are under no pressure to sell a player who has 18 months remaining on his contract and will not consider doing so until they receive an acceptable offer.
Oyston added: "There is no situation at all."
When asked further he said: "There has been enough said already so I am not prepared to comment any further."