League One club Peterborough United may be sold in 18 months time according to owner Darragh MacAnthony, if promotion to the Championship is not achieved, reports the Peterborough Telegraph.

Darragh MacAnthony00

The owner issued the threat at the weekend, after witnessing his club fall to an embarrassing 4-0 home defeat to fellow play off chasers Bradford City.

The result meant Posh dropped to 10th in the League One table, leaving them a distant six points off the play-off positions as well as having played a game more than Saturday's opponents from Yorkshire.

MacAnthony, sometimes seen as somewhat of a maverick owner due to his interaction with fans and open honesty about club policies, used social media platforms to address the current situation following the heavy defeat, saying;

“Yesterday has brought out usual critics on club policy and the way we do things under me etc. No problems with opinions as part of the game etc.

“But I’m happy to put money where my mouth is and back policy, and what we do, by stating honestly/categorically that should Posh not win promotion inside the next 18 months (which I have no doubt we will) then I’ll stop my policy and find another owner with a different policy/approach"

Peterborough put in a lacklustre performance after taking West Brom all the way during midweek in their FA Cup replay at London Road, and MacAnthony has come under fire for selling players for profit just when it looks like they are building a team ready for a go at promotion.

He added: "My policy isn’t about personal financial gain, it’s about allowing a small club to do outstanding things in an entertaining manner while being financially responsible on behalf of the fans/staff/players of the organisation.

“So there it is, we are on the clock. 18 months, promotion and hopefully buy the stadium back for the club or it’s time for different owners/policy/approach.

“I will stay in football. I love it too much not to be involved. Anyhow I’m very confident we will win promotion in that time"

He celebrates 10 years in charge of Peterborough this year, and he will be hoping that come that time or at least the season after, he will have his team competing in the Championship.

Peterborough take on Millwall in their next game this weekend, in what is a must win if they are to gate crash the top six.

Posh fans, what do you think to this news? Let us know in the comments below!