Cash-strapped Accrington Stanley are looking for a new shirt sponsor after Fraser Eagle decided not to continue their current deal.

Stanley chief executive Robert Heys told BBC Radio Lancashire: "It is [a big blow] for a small club like us.

"It's money we have already budgeted for we've got to find it from elsewhere. We are disappointed that it wasn't sorted sooner.

"We've got six to eight weeks before pre-season which isn't a lot of time."

We have to go out there and find the right company to come in and take over the shirt sponsorship and when we find someone, that will bridge some of the gap Accrington chief executive Robert Heys

Stanley were under the impression that an initial two-year deal for the sponsorship would continue on a rolling basis.

However, they were told the agreement would only cover the naming rights for the Fraser Eagle Stadium, leaving them with less than 40% of their original six-figure deal.

Heys said: "We have to go out there and find the right company to come in and take over the shirt sponsorship and when we find someone, that will bridge some of the gap.

"Hopefully we can make an announcement in a months time."