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Hereford United chairman David Keyte was very disappointed with the outcome of two tribunals earlier this week.
They took place to decide the transfer fees for Ryan Bowman and Sam Clucas who left Edgar Street at the end of last season.
The Bulls are to receive £20,000 for Bowman, who is now at York, and £15,000 for Clucas. Should he make 15 appearances for his new club Mansfield Town, another £5,000 will be paid.
"We had written proof of an offer of £30,000-plus from Crewe for Clucas, a verbal offer of £25,000 from Port Vale and a strange one, late in the day, of £40,000 from Nottingham Forest," said Keyte as reported by the Worcester News.
"Those are three other clubs who have put a value on the same player, compared with Mansfield’s offer of £7,000.
"I really thought that the Crewe deal, which we had accepted, would be the logical conclusion.
"We felt that there might have been £50-60,000 in it for us for Bowman and the Clucas deal was a big disappointment.
"The panel was keen to say that Clucas had only been here 18 months so queried how much we had been able to develop him yet, bizarrely, did not push the same point with Bowman who had only been here 10 months.
"Ultimately we have ended up with more for Bowman than we have for Clucas."
