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Sunderland shares fall 3.5% after Peter Reid departs as manager.

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| August 10, 2002 | COPYRIGHT 2002 Financial Times Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

(From FT Investor (Pulses))

Sunderland shares fell 3.5 per cent on Tuesday after the Premiership football club Peter Reid departed as manager. Mr Reid paid the price for a poor run of form that as seen the club start the new season - where it ended the last one - near the foot of the table. Mr Reid, who was the bookmakers favourite to be the first managerial casualty of the season, places a question over his stake ...

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