GOAL machine Lee Hughes has completed his £5m-plus move to Coventry City and netted around £700,000 for Harriers into the bargain.

The former Aggborough favourite completed his transfer today from West Bromwich Albion, the club he had supported since childhood.

Hughes, 25, will be expected to spearhead the Sky Blues attack with Julian Joachim and fire them back into the Premiership.

Harriers chairman Lionel Newton has already revealed the cash windfall will not be used for player transfers but for paying off debts and securing the club's future.

Boss Jan Molby has spent his player budget in making a string of summer signings to create a young, promising squad.

Harriers will collect nearly £700,000 thanks to a sell-on clause from when Hughes left Kidderminster for West Brom in 1997.

They have now made just over £1m in total on the talented front-man after picking up £380,000 from the initial sale.

However, Newton has said: "The majority of the income will be eaten up paying off debts the club has.

"We owe Courage Breweries £100,000-plus for an existing loan, £40,000 will go to the bank plus a further £100,000 will be used to pay off the overdraft.

"I also lent the club a £200,000 interest-free loan recently which I would also want back."

Some cash will also be put aside towards the new stand planned for next summer on the Bill Greaves Terrace.

Harriers need another 900 seats within the next two years to fit in with Football League requirements and will be assisted financially by the Football Foundation once the work is completed.

Meanwhile, former chairman David Reynolds is in continuous talks with the club over £212,000 he is still owed.