Date: 5th March 2009 at 7:28pm
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FRASER Eagle, Accrington Stanley’s stadium sponsor has today filed for administration after being hit hard by the credit crunch, but what does this mean for the club?

The Padiham based travel company were the main nshirt sponsors for Accrington Stanley, but last season pulled the plug on the deal insisting that they couldn’t afford the contract, and now the Reds look set to lose their stadium revenue aswel.

Fraser Eagle who started in Accrington in 1919 also do a lot of business with local sides such as Blackburn Rovers, Burnley, Bolton Wanderers and Wigan Athletic – supplying coaches for both team and supporter travel.

The company also has a five year contract with Premier League outfit Blackburn to sponsor one of the stands at their Ewood Park, that deal also looks set to be cut off early.

And administrators will now be appointed to go in and run the company.

Stanley’s Chief Executive Rob Heys told the BBC: ‘Our thoughts are with the employees of Fraser Eagle, they have been very good to us in the past.

‘Any knock-on effect does have an effect on the football club, which we will have to deal with but we are clearly mindful that there are a lot of local people involved.

‘We hope that Fraser Eagle, although they are entering into administration, has an option for them to come out the other side and perhaps carry on trading into the future.’

Fraser Eagle are said to be stuggling in the current climate, and after losing out on near to £200,000 after holiday company XL went bust, major cutbacks had to be made with 50 employees losing their jobs last year.

The firm looks set to make more cuts in both staffing and the number of coaches, with the company thought to be considering cutting down to just 10 coaches.

Accrington Stanley have started discussions with other companys over a possible ground sponsorship package.