Wednesday, 9.10am: Darragh MacAnthony admits he is devastated over the departure of George Boyd, but he is adamant financial considerations did not have an impact on the decision.
Wednesday, 9.10am: Darragh MacAnthony admits he is devastated over the departure of George Boyd, but he is adamant financial considerations did not have an impact on the decision.Boyd has agreed to move to The City Ground on loan with a view to a permanent transfer at the end of the season.
The deal will be formally completed as soon as Boyd passes a medical.
But the Posh chairman insists the move was agreed for the benefit of the club's long-term future.
He has spoken to The Evening Telegraph to allay fears that he is starting to sell off 'the family silver'.
MacAnthony said: "This is one of my worst moments as owner of the club.
"I am still devastated over him going even if it is only for 90 odd days.
"This was not a financial decision and the fans need to believe me on that.
"George has been honest with me. He and his agent informed me that there was no way a new contract would be signed and he would like the opportunity of playing at a higher level.
"The manager has convinced me this will be better for the club long term and after weighing it up for last few days, and trying not to be be emotional about it it, I agree with him 100%.
"Jim Gannon wants to focus on players who have a future with us and want to be here now and next season, and not thinking of other clubs or being distracted from what he is trying to do in training every day.
"The mistake I have made this season is trying to keep everyone together and not selling any of our better assets, but I have learnt that this doesn't work well inside a Championship football club and is counter productive and creates issues and problems.
"I am a fan of George Boyd and will continue to be and hope to watch him on TV next season strutting his stuff in the Premier League and at the same time feeling proud of the fact that I may have played a small part in helping him get there.
"He will be a legend with the Posh fans for years to come and is a class act on and off the pitch!"
Boyd would have been out of contract at London Road at the end of next season when he would be allowed to leave for nothing.
Gannon was unavailable for comment yesterday.
Boyd: 'I'd never ask for a move', 2 March 2010.
Boyd agrees to join Forest.