Eggert still has part to play

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Magnusson is to step down as executive chairman of the club but is to stay on in a non-executive capacity as a new management team is brought in to support the club's owner, Icelandic businessman Bjorgolfur Gudmundsson.

"The fans will still see Eggert in the directors' box on match days and he will remain as non-executive chairman," said club spokesman Mike Lee, who could become a board member under the new plans. "It was felt, though, that the club needed a new corporate structure to take it on to the next level." Manager Alan Curbishley and his staff are not affected by the changes.

"I am so proud of what we have achieved since becoming involved with the club," said Gudmundsson. We can be confident about the future."