Cheltenham Town fend off approach for Mark Yates
CHELTENHAM Town have turned down an approach from another club for manager Mark Yates, chairman Paul Baker has revealed.
The job Yates has done in turning around the club since taking over in December 2009 has alerted the attentions of other chairmen in the League.
Speaking in a live webchat with the Echo, Baker would not reveal which club had asked to speak to Yates, but he did say they had quickly ruled it out.
"There has been an approach in the last few months, but we refused it," Baker said.
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Baker also confirmed that the signing of winger Jermaine McGlashan from Aldershot Town last January equalled the club's record fee paid, which is the £50,000 they shelled out for both Grant McCann and Brian Wilson.
He said that the wages being paid to loan striker Shaun Harrad from Bury are the highest the club have ever paid.
Cheltenham last year received a cash injection of £500,000 from an investor, who wishes to keep his identity private.
Baker said: "The club has to respect his wishes and it was a fantastic surprise for the club to receive £500,000 and we don't think it'll be repeated.
"But we have been praised by the Football League for the prudent way in which we have handled the investment.
"We didn't draw down any of it last year and we are drawing down a third of it this year to support the playing budget
"We will be leaving the rest for the next two seasons ."