New Hull City chairman Adam Pearson has revealed he intends to get the club's huge wage bill under control. Pearson has returned to a club saddled with debt with the wage bill reported at £40million.

The highest earners at Hull are reported to be Jimmy Bullard, Geovanni, Daniel Cousin and George Boateng - and Pearson admitted that certain players may have to be sold.

"Everything I can see on those accounts looks to me as though it's solvable and I don't think there should be any dramatic panic about out financial situation," he said.

"Everything here looks as though it can be put right pretty quickly. Hopefully we can sort on the pitch out as well and move forward there and get a bit of team spirit and unity back together."