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Paul Lambert to leave Blackburn Rovers

Manager Paul Lambert will leave Blackburn Rovers after the club's last match of the season. Credit: Nigel French/EMPICS Sport

Blackburn Rovers says the club's manager Paul Lambert is to leave the club at the end of the current campaign.

The club says Lambert has decided to activate a release clause in his contract and will step down after Rovers' final game of the season against Reading on May 7.

The club has thanked Lambert for his efforts since joining in November and says the search for a new manager will begin immediately.

I would like to place on record my thanks to the Owners, and especially the players, staff and fans for the tremendous backing and support I have received since I arrived.

It’s a brilliant club, with great people, and I wish it every success in the future. For now, I remain fully focused and determined to try to win the final two games of the season, starting this Saturday against Rotherham.

– Paul Lambert

Bolton's new chairman says there's a shortlist of 3 for next manager

Bolton Wanderer's new chairman Ken Anderson says the club are down to a shortlist of three candidates in the search for their next manager.

Speaking to the media for the first time today Mr Anderson told ITV Granada that former player and bookies favourite Phil Brown has not applied for the job.

As the club prepares for life in League One following relegation from the Championship he also said he'll be meeting with the squad to ask them directly if they want to be part of their campaign next term.

Wanderers will be playing in the third tier for the first time since 1993 after their demotion was confirmed on Saturday and the attention of Anderson and co-owner Dean Holdsworth has turned to transforming the squad for a tilt at promotion.

Anderson, who has revealed there have been 50 applications for the managerial vacancy at the Macron Stadium, has warned that there will be inevitable departures this summer.

Anderson is keen to offload those players who have no desire to follow the club down a division, though he is likely to face the same problems the previous regime encountered in moving on higher earners.

However, Anderson will seek answers from his players during a face-to-face meeting and added he has no intention of paying off contracts just to offload want away players.

I think the honest answer is we all know a number of players are going to leave.

My first thing today is asking the players - who wants to be here and work with us next season? I'm sure there will be some that do and a few that don't. The biggest thing to manage is the players with the biggest salaries and whether we can find clubs who will take them.

Several of them won't want to be here because they won't want to play in League One, they will want to play in the Championship. Their salary bands will probably ensure it's not going to be an easy job to find another club.

If the player doesn't want to be here, we don't want them to be here. We'd rather they move on.

What we won't be doing, if we can control it, is we're not going to pay players large amounts of money to leave - a compromise agreement.

If it comes to the stage where a player's on £20,000 a week and finding a club who are offering 15 and the player and his agent are saying, 'I want you to pay the £5,000 shortfall for the next two years'. We're not going to do it.

We will try and get the player out on loan and if he goes out on loan I may have to subside, which I don't want to do, but it's a lot easier to find £5,000 a week than £500,000 in one go.

If I pay all the players off that want to go we won't have sufficient funds to bring in the players we want to bring in.

– Ken Anderson

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Burnley announce record profits

Burnley FC's Turf Moor stadium Credit: Richard Sellers/EMPICS Sport

The bitter pill of being relegated from the Premier League for Burnley has been sweetened with the news that the club has made a record profit thanks to their year in English football's top division.

The Clarets have reported a net profit of £30.14m during the financial year ending June 2015.

Burnley are currently sat top of the Championship and are on course to make an immediate return to the Premier League this season.

Here's the full statement from the club,

"Burnley Football Club made a record £30.14m net profit during their Premier League season in the financial year ending June, 2015.

The figure reverses a £7.6m pre-tax loss reported in the previous 12 months, earned during promotion to the top flight.

The accounts also do not include the sale of Danny Ings to Liverpool, for which a compensation fee is yet to be determined.

In a statement to shareholders, Chairman Mike Garlick said: “I’m sure you will all agree that the 2014/15 season was one where we showed great spirit and commitment, both on and off the pitch, and despite our eventual relegation, as a club, we gained a great deal of respect and admiration throughout the football world.

“A net profit of £30.1m is not only the biggest recorded by the club, but also one of the highest in the Premier League as a whole.

“In times of boom and bust for many clubs in the world of football we continue to be regarded by many as a role model of how to run a club in the modern era.”

Mr Garlick added: “It is worth noting that although these financial figures indicate that we now have a large sum of money in the bank, this isn’t the case.

“Decisions were taken early in the season to clear all the clubs external and internal debts, as people will remember that last time we were promoted we did have around £10m of debt, both in terms of external creditors and directors.

“They have been paid off, as have the Turf Moor Bond holders and, of course, the ground buy-back.

“We also committed to stadium improvements, such as the offices and new Clarets Store, as well as redeveloping our training ground at a cost of around £10m, in order to bring us in line with other clubs in both the Championship and Premier League and help to attract the best possible playing talent to the club, whatever their age group.

“Most of the development work will be completed by early 2017, and was long overdue, but lack of funds always previously prevented us from completing these projects.

“If you add all that up, the combined cost of eliminating all debt, plus the new developments is approximately £20m pounds.”

The latest accounts show a turnover of £78.77m, a £59.14m increase compared with 2013/14, due to the club’s Premier League status.

This includes a substantial rise in television rights, as well as increases in match income, catering sales, retail sales and other commercial activities.

All directors’ loans and external loans were repaid in full."

– Burnley FC

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