Pearson: Hull's finances 'fine'

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Hull chairman Adam Pearson insists the club's finances are on track despite a recent damning report, although he does not expect big-money signings in the January transfer window.

Before Pearson returned to the KC Stadium this month, auditors Deloitte suggested the club could go out of business if they were relegated.

However, Pearson told Press Association Sport: "The football finances of the club are fine and on a par with most other clubs in the Premier League - you pay your players too much and you sort it out. That is what we're doing so it's not an issue at all. If we win football matches in the Premier League we'll be fine."

Since Pearson came back to the club from Derby, Hull have secured a Barclays Premier League win and a draw, raising the hopes of survival after a poor start.

"It's turned it around a little bit," he added. "Phil Brown (the manager) is working really hard with the players. They've shown a great desire and spirit and their performances have been really brave. If they keep doing that we'll be fine. Phil's doing a good job and we're doing well."

Still, Pearson does not feel there will be significant transfers in January, telling Sky Sports News: "We're not going to be splashing out in January. Fans shouldn't expect us to spend millions in the transfer window."

Pearson was at Wembley on Thursday to submit Hull's bid to be a host city at the 2018 World Cup, should England succeed in their campaign.

"Hull's got a lot to bring to the table, it's a big catchment area and it's a bigger city than people know," Pearson said.

"The council and the football club are working closely together in harmony and we've got a good stadium in place already. We feel we are quietly coming on the radar.

"I don't know why people feel Hull is an underdog. I don't think that. We've got massive passion for sport in the city and we feel we have a good chance."

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