Town's chief executive Derek Bowden says that the Blues will not follow Norwich City's lead in becoming a PLC. The Canaries are to float in order to bring in cash to ease their current financial malaise.

The new chief executive, off marching against ITV Digital today, said: Due to our strong financial condition we do not need to take this course of action to raise capital.

"It is evident that Norwich City have decided to undertake this new venture as a necessity to raise income."

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