"This is not ambition or 'living the dream', it is in my personal view poor business sense. Just under £6 million spent on agents' fees in two years and the deal breakdown and size of agents' payments is abhorrent.
Related ArticlesHull City 0 Aston Villa 2Premier League actionIain Dowie has sights on West HamBirmingham City v Hull City: match previewIain Dowie demands 'huge response' from HullStephen Hunt out for season"A wage bill of just under £40 million when the club turnover is £50 million in the Premier League! The maths didn't add up.
"In my personal opinion the decisions made by Mr Duffen at that point were extremely short-sighted."
Pearson, who was also previously chairman of Derby County, took over from Duffen at the KC Stadium in October 2009.