SPENCER HARRIS says the windfall from Danny Ward's transfer will "set the club up very well for future years."

Welsh international Ward, who came through the youth ranks at hometown club Wrexham but never played a league game for the first team, has joined Leicester City from Liverpool for £12.5 million.

That means the 25-year-old, who left Wrexham for the Anfield club back in January 2012 for a fee in the region of £100,000, will net the club a seven-figure windfall for having what is believed to be a 15 per cent sell-on clause in the goalkeeper’s contract.

When asked about how the money will be spent, director Harris said: "It is likely to come in stage payments and in terms of planning what we do about any income coming into the club, we will do what we always do.

"We will look at all the possibilities and do the very best thing for the football club.

"We will look at the best way to spend the money on behalf of the club and set the club up very well for future years."

Harris is unable to divulge the exact figure coming Wrexham's way.

"There is a confidentiality clause within the contract between Liverpool and Wrexham," said Harris.

"But it is great news for the club."

Ward had successful loan spells at Aberdeen and Huddersfield, who he helped clinch promotion to the Premier League in the 2016/17, and Wrexham reaped the rewards through more clauses in his contract after making his competitive debuts for Liverpool and Wales.

But chances were limited at the Premier League giants and Ward has decided to move on.

"It is great for Danny," added Harris. "It seems he was not going to get the chance he deserved at Liverpool so hopefully he will challenge for the number one spot at Leicester and make it his own.

"As a result of the move it is a benefit to Wrexham and we are delighted for the club and the player."