City will not be blowing their Fabian Delph windfall on a transfer binge.

The Bantams are in the money after the teenage starlet joined Aston Villa from Leeds United for an initial £6million.

That figure will eventually rise to up to £8m - with City receiving a 12.5 per cent slice of all the cash from their sell-on clause.

Some money has already been paid based on Delph's progress at Elland Road over the past couple of years. And they can now expect a further cash injection of around £650,000 with more to follow. But fans licking their lips at the thought of a rush of signings have been told to forget it.

Joint-chairman Mark Lawn has stressed that the Delph cash would be used to cover the loss from last season's promotion gamble.

Talking to the Telegraph & Argus Mark Lawn said: "I think people have got to realise that when I took over the club, I did say we would be prudent with our finances.

"We would take risks but only calculated ones. We did that last year when unfortunately we didn't get promotion.

"We pushed the boat out considerably in terms of wages but that was a calculated risk against us going up or Fabian Delph being sold.

"So the money we've got has taken a huge chunk out of the deficit we had been left with."

Mark Lawn pumped in a £1m loan at the end of last season - but insisted he would not be clawing any of that cash back.

He said: "That was put in for cash-flow purposes and that is still the case. I have no intention of taking it out.

"We haven't got a big lump of money to spend but we will look at how the season goes.

"We won't be going out and spending large sums on players but it does give us a little bit of leeway in the season.

"The first year I was involved, we showed an £11,000 profit. In the second we took a calculated risk. But the club are still on an even keel now with what has happened with Fabian Delph.

"We aren't a Notts County; not even a Rotherham United.

"It's not showing a lack of ambition but sometimes fans have got to be realistic.

"I'm going into my third season at the club and we've bought two players in that time. For years before that, we hadn't bought anybody.

"We brought in Willy Topp for £35,000 and Gareth Evans will eventually cost us more money than that in add-ons.

"I will always do the best for the club. But we will only ever take calculated risks and people must understand that."

Lawn praised Leeds for sticking to their part of the deal which has been in place since Delph left Valley Parade for Elland Road as an 11-year-old in 2001.

He said: "I've got to thank Ken Bates, Shaun Harvey and Leeds United for the professional manner in which they have conducted this and also for the way they have treated Bradford City.

"They have never once asked to move the goalposts and have honoured their agreement with us throughout."