Tigers in cash crisis talks

HULL CITY'S board will continue to meet throughout the week in an attempt to address the club's perilous financial problems.

By The Newsroom

Published 27th Apr 2010, 10:59 BST

Updated 27th Apr 2010, 12:52 BST

The Tigers are 35million in debt and facing an uncertain future with relegation from the Barclays Premier League now all but confirmed. Chairman Adam Pearson met with fellow directors yesterday to discuss City's options, which might include going into administration.

The club's wage bill is around the 39m mark and owner Russell Bartlett said: "We must now get down to concentrating on reducing the wage bill to about 15m to establish financial viability and stability."