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Thursday, 24 October, 2002, 14:41 GMT 15:41 UK
Taylor: Foxes woe not my fault
Peter Taylor
Taylor insists he did not spend rashly at Leicester
Peter Taylor has insisted he is not to blame for the financial problems which have forced Leicester into administration.

Former Leicester striker Tony Cottee was reported as saying that Taylor's spending spree while in charge of the club was the reason for the Foxes' current financial crisis.

But Taylor has hit back, saying spent a little over the 11m available to him from the sale of Emile Heskey to Liverpool and blamed the cost of building the new 35m stadium.

"I am really sad to see things as they are now," said Taylor, now manager of Third Division Hull.


It's not fair to make me the scapegoat for everything that has gone on
Peter Taylor

"I really enjoyed my time at Leicester and I really hope things improve and I think the squad is good enough to get back into the Premiership.

"But a few people should be holding their hands up. It is not one person's fault. A few people are at fault for past things."

He added: "I can hold my hand up for certain things and I will always get stick for signing Ade Akinbiyi for 5m and that move not working out.

"Maybe Tony should be more honest about the players in the team at the time who were his friends and didn't perform to anything like their capabilities and sadly in the end the club went down.

"Then when it comes to finances, yes, I spent 25m but I recouped 8m when I was there and since Ian Marshall, Gary Rowett and Dean Sturridge, whom I signed, have gone for 4.5m.

"That leaves a deficit on my signings of less than 13m which is virtually the amount I had to spend after the selling of Emile Heskey to Liverpool.

"That wasn't killing the football club. It was the cost of the stadium and having no Premiership money anymore that's been doing that.

"It's not fair to make me the scapegoat for everything that has gone on."

Gary Lineker heads a consortium bidding to save cash-strapped Leicester City

Lineker steps in


Leicester in trouble

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