Fry buys up Peterborough

Barry Fry today took control of Peterborough United after buying the majority stake in the Second Division club.

The Peterborough manager did not reveal how much the deal had cost him but he now holds more than 99 per cent of the shares in the club.

"I would not be putting in such a substantial amount unless I thought the directors were 100 per cent behind the club," said Fry.

"They have the expertise, and this club will move forward rapidly. But to do that we will not be spending what we do not have."

A club spokesman said: "In the summer Barry was given the chance to purchase the majority shareholding. At great risk to himself and his family, he has now grasped the chance to own the business.

"Barry can now deliver his ideas unhindered to make the club the success we would all like."

Fry plans to offer new oneyear contracts to players who are uncertain about their futures.