Stockport County have made boss Jim Gannon redundant after going into administration
Stockport's administrators cut costs by releasing manager
Stockport County have made boss Jim Gannon redundant after going into administration.
The cash-strapped League One club have made the move to try and cut costs at Edgeley Park.
Gannon is believed to have been called to a meeting with the club's administrators on Wednesday to be informed of the decision.
The news comes as a shock as Gannon has previously rejected offers from other clubs to stay at Stockport.
Stockport were placed into administration last week due to crippling debts and it appears Gannon is a casualty of their financial problems.
Gannon is highly-regarded in football circles after performing so well with Stockport on a shoe-string budget and news of his availability could alert a number of clubs on the look-out for new managers.
A statement from the administrators read: "It is regrettable that due to funding constraints during the administration period it has been necessary to make a number of redundancies.
"Following the conclusion of the playing season, the number of coaching staff has been reduced and regrettably cuts include the manager, Jim Gannon.
"It is hoped that these cost reductions will enable us to preserve the club in the short term and secure a buyer in the near future."
