Source: Team_Talk
Bartlett: No chance of administration
Hull owner Russell Bartlett has gone on record to "categorically state" the club will not be heading into administration any time soon. [LNB] Hull have been working to reduce their debts for some time and a number of higher wage-earners have left the KC Stadium this summer.[LNB]The club must also cope with the financial blow which comes from having slipped out of the Premier League after two years among England's elite.[LNB]But Bartlett insists the shadow of administration is not looming over the club.[LNB]He told the Hull Daily Mail: "I can categorically state that administration is simply not on the agenda.[LNB]"We are well down the line in our plans to restructure the finances of the club and we are very close to meeting our targets."
