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Page last updated at 09:26 GMT, Friday, 4 December 2009

Hull City chairman Adam Pearson calls in auditors


Pearson to put Hull finances in order

New Hull City chairman Adam Pearson has called in auditors as he bids to get the club's finances in order.

The Tigers faced a fine from Companies House after publishing their 2008 figures, which revealed huge losses, several months late.

Pearson told BBC Look North: "There is a requirement for funding over and above the income of the club but that is under control for us."

The last accounts revealed a shortfall approaching £16m.

Pearson added: "What is a more to medium to long-term problem is bringing the wages down in relation to the turnover.

"We are working diligently to bring in extra finances but the short-term is fine it's just the medium and long-term that needs attention."

Pearson has also confirmed that Caleb Folan will return from his loan spell with Middlesbrough.

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