Pearson: Financial problems can be solved

Published Add your comment

Hull's new executive chairman Adam Pearson believes he can solve the club's financial problems and is "desperate" for under-pressure manager Phil Brown to succeed.

Pearson assessed the situation at the troubled Barclays Premier League club as he began a second spell at the KC Stadium on Monday morning. Hull are 18th in the table and have won just three times in their last 33 games in the competition stretching back to last December.

The former Derby executive chairman, who enjoyed a successful spell at Hull from 2001-07 and appointed Brown in December 2006, told the club's website, "I'm desperate for Phil to win some games and then all this conjecture can go away. He is definitely the manager of this club and he's got a big game against Stoke. But we need wins, we need results."

Pearson oversaw the club's rise from near bankruptcy to the Championship before the club was bought out by a consortium headed by Paul Duffen.

He subsequently moved to Derby but left Pride Park last week, and Duffen's sudden resignation last Thursday then paved the way for a return to Hull.

Among his immediate tasks will be trimming a wage bill that is reported to have reached £40million. The Tigers were last week warned they could face a deficit of £23million if they are relegated this season

Pearson said: "We've got some issues but nothing that can't be solved with a bit of hard work and team spirit. We'll get them sorted, I'm sure.

"Everything I can see on those accounts looks to me as though it's solvable and I don't think there should be any dramatic panic about our financial situation.

"Obviously things need tweaking and the wage bill needs looking at but it is not something that frightens or alarms me. I just see it as a challenge.

"It is normal for football clubs to have debts and there isn't a great deal of that here. I think it is just that the wage bill needs addressing, the squad size needs addressing and obviously we will work harder on commercial revenue streams as well."

Copyright (c) PA Sport 2009, All Rights Reserved.

Do YOU want to write for GiveMeSport? Get started today by signing-up and submitting an article HERE:

Stoke City
Premier League
Derby County
Hull City

Article Comments

Report author of article

Please let us know if you believe this article is in violation of our editorial policy, please only report articles for one of the following reasons.

Report author


This article has been written by a member of the GiveMeSport Writing Academy and does not represent the views of or SportsNewMedia. The views and opinions expressed are solely that of the author credited at the top of this article. and SportsNewMedia do not take any responsibility for the content of its contributors.

Want more content like this?

Like our GiveMeSport Facebook Page and you will get this directly to you.

Already Subscribed to Facebook, don't ask me again

Follow GiveMeSport on Twitter and you will get this directly to you.

Already Following, don't ask me again

Like our GiveMeSport Page and you will get this directly to you.

Already Subscribed to G+, don't ask me again