Leicester City boss Nigel Pearson: I did not leave Hull for money
Nigel Pearson has said it is a misconception that he walked out on Hull City to return to Leicester City because of the financial backing of the club's ambitious owners.
Pearson comes up against his former club tomorrow less than a year after he swapped the KC Stadium for the King Power Stadium, but he said his move was not motivated by money.
The new Financial Fair Play regulations will curtail the amount of loans City's Thai owners can make to help Pearson strengthen his squad.
Pearson admits his transfer policy has been done with FFP in mind, but he said money was not the main motivation when he decided to come back to Leicester.
"That is a perception that is assumed," he said.
"I came back to Leicester for my own reasons.
"We still have invested money into the squad. I think we have invested it more wisely. But also the timescale for FFP means clubs have to formulate a workable business plan.
"The owners have been very supportive in how we have constructed the squad but, by the same score, there are areas we have had to look at as well. I am under no illusions about that. The margins are very small."
Compared to his predecessor, Sven-Goran Eriksson, Pearson has adopted a completely different approach.
While Eriksson spent heavily on recruiting mainly established and experienced names on wages that matched their reputations, Pearson has noticeably gone for young, up-and-coming talent, and has trimmed his squad of many of the higher wage earners.
The impending introduction of the FFP regulations, designed to control clubs' spiralling, and at times reckless, spending, has been a factor in Pearson's approach.
But he said he still believes it is the best way to bring long-term success to City.
However, Pearson also recognises he must bring short-term success as well.
"The FFP will be something that will affect an awful lot of clubs," Pearson said.
"It is something that will be introduced to try and make football function in a slightly more responsible manner.
"I will always construct my sides in a similar way, but I do believe now we have players with an awful lot more residual value.
"We have made investments and we have got a decent squad. I know it is smaller but it is decent and there are an awful lot of good players.
"There will be a lot of clubs out there who will be thinking about how they manage themselves better. We have a responsibility to do that but also to deliver success.
"At the moment, we have not achieved what we would have liked in terms of points tally. I could argue we have been unfortunate on occasions and days like the defeat to Wolves we have been a little bit careless. That is the dynamics a lot of managers have to deal with.
"There isn't an awful lot wrong but we have to start producing winning situations more often, and we will do because we have the nucleus of a good side.
"It is better to have a short, medium and long-term plan if you are to be a success in any business.
"Football is slightly different in that, for managers, results in the short-term are exceptionally important."