Boyle back as Motherwell chairman

Boyle is returning to the chairman's post at Motherwell

John Boyle has returned as Motherwell chairman after almost six years out of the front line.

The club's owner stepped down from the role when the Fir Park outfit went into administration in April 2002 and was replaced by Bill Dickie.

Motherwell came out of administration two years later and announced a profit for the fourth successive season at Monday's annual general meeting.

Boyle said: "The club is on a sound financial footing and is well run."

Interview: Motherwell chairman John Boyle

The Well chairman was also quick to recognise the role manager Mark McGhee has had in reviving the club's fortunes.

"Mark McGhee has had an unbelieveably good start - he has brought in some excellent players but has also developed those that we already had.

"The players are fitter and better motivated and he has played a significant role in that," he told BBC Radio Scotland.

"We've come from a very difficult financial situation in recent years and we're currently doing very well but we have a long way to go."

And Boyle paid tribute to Dickie, who will stay on as vice-chairman.

MY SPORT: DEBATE Give your reaction to Boyle's return to the chairman's role

He said: "Bill Dickie has done a magnificent job as chairman, and his service to the club is held in the highest regard from everyone associated with Motherwell - from the management and players to the supporters.

"He is a a Motherwell man through and through, and it is a privilege to be working alongside him."

Boyle then told the agm that Mothwerwell finished the financial year ending 31 May 2007 with a surplus of £7372.

"We are pleased to report a small profit for the fourth year in succession," he continued.

"We've always tried to be prudent.

"These figures do not include any of the transfer revenue due to the club from the sale of Scott McDonald (to Celtic) or from the recent transfer of (former Motherwell player) James McFadden from Everton to Birmingham.

"That will begin to filter through this year."

Boyle also told the meeting his club's directors were examining future stadium options.