WARDLE BACKS BOSS DESPITE AGM NEWS

Last updated : 08 December 2003 By Ben Collins
The club announced a £15 million loss for the year upto May 31, 2003, sending City's overall debt to £50 million.

And Keegan couldn't attend today's annual general meeting as he was allowed
to return to his permanent home in the North East for the first time in a fortnight, and some shareholders signalled their disapproval at his absence.

But Wardle said: "I think he has done a brilliant job. He has won the First Division championship, finished ninth in the Premier League and taken us into Europe for the first time in 25 years. We are still in a very reasonable position in the Premiership and the FA Cup is still to come."

He added: “I have had no indication from Kevin Keegan that he is going to walk away. None whatsoever.

"People keep talking about his history of walking away. I don't think he walked out on England. He thought the job was beyond him and he was brave enough to stand up and say it.

"There is no pressure on Kevin Keegan from me. My opinion of him is exactly the same as it was on day one. He is the right manager to do the job."

The club explained that two-thirds of the debt was spent on developing the new ground, while £10million is 'soft debt', owed in loans to Wardle and fellow JD Sports director Peter Makin.

Wardle added: "I sincerely hope that what happened to Leeds won't happen to us. We are certainly not looking at it that way. Leeds are a one-off."

Francis Lee, who still owns 7% of the club's shares, asked why the First Advice sponsorship deal was not insured, and why no other sporting events have been arranged for the stadium.

Managing director, Alistair Mackintosh, explained that the club were not owed funds after the collapse of First Advice, and Wardle assured shareholders that he is busy trying to secure at least two England internationals, a rock concert, and other major events.