Barnsley Rescue Package - 28/06/03

Barnsley are the latest club to survive closure through a last-minute rescue package. The club had been kept going by the town's mayor, Peter Doyle. However, wages had not been paid for the past couple of months and the FA and the Football League had set a deadline.

Glasgow-based businessman Kenny Moyes, brother of Everton manager David, stepped in and facilitated a rescue package. He has strong contacts in Iceland and got in touch with an Icelandic consortium who had been looking for a club for some months. Former Stoke manager Gudjon Thoradson will be involved in the management team.

Football in Iceland is popular as our photo taken at the ground of top club KR Reykjavik shows. But investors in the wealthy country are interested in buying into British clubs to satisfy their appetite for quality football.