Accrington Stanley chief executive Robert Heys has denied the club are in financial difficulty.

Cost-cutting measures announced on Wednesday made goalkeeping coach James Speare redundant and reduced the working hours of physio Joe Hinnigan.

Heys said: "Times are tough for the majority of football clubs at the moment. It's not a knee-jerk reaction.

"We just want to minimise any risks. With the credit crunch, clubs are finding it hard to find sponsorship."

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