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Page last updated at 14:27 GMT, Tuesday, 16 June 2009 15:27 UK

Accrington confirm takeover deal

Accrington Stanley
O'Neill (r) with former chairman Eric Whalley, manager John Coleman and assistant Jimmy Bell

David O'Neill has become the new chairman of Accrington after Eric Whalley stepped down from the role.

The 52-year-old joined the League Two side on a full-time basis 18 months ago, before becoming general manager last summer.

"If I can achieve anything like Eric has then it'll be good for the town," O'Neill told BBC Radio Lancashire.

"Everybody knows the financial constraints we're working under but I feel we can only go forward from here."

The local businessman, who has already put £150,000 into the club, will take control with immediate effect.

Every 100 we put on the gate is another £1,000 in the budget

Accrington chairman David O'Neill

He is also set to seal a deal on the majority of Whalley's shareholding later this week.

And he says plans are already in the pipeline to boost revenue.

"We've a number of schemes that we want to implement and they will be put in place over the next few weeks," he said.

"It would be fair to say we need help. We have a budget and we'll work within that.

"We've looked at the fact can we work with the monies on the table, but it'd make it a lot easier if there was any more money available.

"Every 100 we put on the gate is another £1,000 in the budget, so we'll be looking to improve that over the coming season."

Difficulties arose recently when it was announced Accrington faced a winding-up order because they owed around £300,000 to HM Revenue and Customs.

But after agreement was reached on the matter, O'Neill has said the immediate priority is to help manager John Coleman build a squad capable of pushing for promotion.

"There's been a bit of hesitancy because he's been waiting for the announcement.

"But the timing's right for it now and now we know the outcome of the recent tax investigation we know we can plan our way forward."

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