Preston chief admits to mistakes

Published Add your comment

Football News

Preston chairman Derek Shaw conceded the club had made some mistakes after they were hit by a winding-up petition.

The Championship outfit owe £400,000 to Her Majesty's Revenue and Customs while their shares have been suspended from the Alternative Investment Market. North End had issued a statement on Monday saying that the board is "actively looking for a solution to the winding up petition".

Shaw, who is confident the club will soon settle their debt to the taxman, told the Lancashire Evening Post: "We are the first to admit we have done things which haven't worked."

He added: "We've signed players who haven't been a success, although we have brought players in who have been successful. But when we get it wrong, understandably it's expensive.

"Even when you bring in a player on a free transfer, you are spending large sums of money in terms of wages and signing-on fees."

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:

Preston North End

Article Comments

Read more

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