Accrington Stanley agree compensation for Cook (From Lancashire Telegraph)

Accrington Stanley agree compensation for Cook

10:54pm Wednesday 24th October 2012 in Football

Accrington Stanley have released a statement saying they have now agreed a compensation deal with Chesterfield for Paul Cook - and it is understood his exit will be confirmed tomorrow morning.

The two clubs had been locked in compensation talks all day after Chesterfield decided Cook was the man they wanted to replace the departed John Sheridan.

And Stanley have now confirmed that a deal has been agreed and that the Spireites have been granted permission to speak to Cook.

The 45-year-old is understood to have told Stanley that he wants to join Chesterfield and his switch to Derbyshire is expected to go through in the morning.

Stanley's statement tonight read: "Accrington Stanley have received a formal approach from Chesterfield about the services of manager Paul Cook.

"Negotiations over a compensation package have taken place, a deal agreed and following discussions with Paul the club have given him permission to speak to the Spireites about their vacant managerial post."

A Chesterfield statement read: "Chesterfield have been given permission to hold talks with Accrington Stanley boss Paul Cook over the vacant managerial position at the club.

"The Spireites were given the go-ahead to speak to Cook after agreeing compensation with their League Two rivals.

"Tommy Wright has been in caretaker charge at the Proact Stadium since the departure of John Sheridan at the end of August."