the past two seasons with Lee at the financial helm. They are likely to slash their playing budget for the coming season as a result of the losses.

Grimsby have ditched 'head of recruitment' John Deehan just two months after he took the role. Lincoln appear to be on the verge of losing keeper Rob Burch after Notts County made him a contract offer. The Imps are themselves chasing Torquay winger Mustafa Carayol, who is said to have rejected a new deal at Plainmoor. Bradford are in talks to make Luke Oliver's loan spell at the club permanent.

Crewe have confirmed the sales of John Brayford and James Bailey to Derby for an initial fee of just over £1million. The pair also have additional clauses and a 15% sell-on deal.The Railwaymen are said to be chasing Macclesfield midfielder Lee Bell, who was released by them three seasons ago, and Cheltenham defender Michael Townsend. Boss Dario Gradi won't be splashing huge amounts of cash this summer, saying the club needs £600-700,000 a season in transfer profits to break even. Burton will receive some of the Brayford fee as part of the 20% sell-on clause they hold.

Oxford are expected to complete a permanent deal for Torquay striker Matt Green, who spent the past season at the Kassam Stadium on loan from the Gulls. Wycombe are chasing former Exeter defender Matt Gill, who is available from Norwich. Stevenage have signed Ebbsfleet defender Darius Charles on a two year deal for a fee to be decided. They have also signed five