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By ESPN Staff

Fry relinquishes control of Peterborough

Barry Fry has stepped down as chairman of League Two side Peterborough and handed the reins to new investor Darragh MacAnthony - thanks to the input of Ron Atkinson.

Fry - who has been manager, chairman and still owns the club - will step back to his previous role as director of football.

The former Birmingham and Barnet boss credited the controversial Sky TV documentary 'Big Ron Manager' in which Atkinson returned to football to help then caretaker boss Steve Bleasdale, for attracting the new investment from MacAnthony, an overseas property investor, to London Road.

Some controversial footage showed player dissent and behind-the-scenes bust-ups as Posh slipped out of the League Two play-off places, but Fry now believes he has reaped the rewards for the experiment

He said: 'First and foremost I would like to thank Sky Television for the documentary which has created so much interest throughout the world. I have had many people flying in from France, Scotland, Portugal and Spain to come and see me wanting to help this club in sponsorship and investment.

'One of these gentlemen came over on August 25 and he was music to my ears because he was talking football, football, football. There is no doubt whatsoever Darragh can take this club forward, onwards and upwards.'