BBC Sport football

IN ASSOCIATION WITH

Related BBC sites

Page last updated at 08:43 GMT, Friday, 22 January 2010

Luton deny rumour that club is close to administration

Luton Town

Luton Town's managing director Gary Sweet has denied claims that the Hatters are close to administration, following a number of postponed games.

Sweet conceded the cold snap had led to cash flow problems, which was a factor in several players being made available.

But Sweet told BBC Three Counties Radio that talk of administration was wide of the mark.

Asked whether Luton were in financial trouble Sweet replied: "Certainly not."

He said: "We've got a tight group of investors and shareholders, who need to continue to put money into the club, while it still loses some money, which was always a part of the plan that we had when we took over the business.

"That's something we're proud of them for, and means the club can survive certainly through to the next year-and-a-half or so."

On the subject of players being transfer-listed, he added: "Being in the Conference we're certainly one of the top two payers of salaries and, in some ways, we should be because we've got the appropriate number of supporters coming to support the business too.

"However, we've got a new manager and he wants to make his mark, and together we've made the decision that we do feel that the club needs to have a change around a little bit. We do need to reduce the salary bill because it will, every so often, go beyond what we want it to be."



Print Sponsor


BBC iD

Sign in

BBC navigation

Copyright © 2019 BBC. The BBC is not responsible for the content of external sites. Read more.

This page is best viewed in an up-to-date web browser with style sheets (CSS) enabled. While you will be able to view the content of this page in your current browser, you will not be able to get the full visual experience. Please consider upgrading your browser software or enabling style sheets (CSS) if you are able to do so.