From the Exeter pre match review

Iconic Scotsman Bill Shankly’s first managerial appointment was at Carlisle United, in 1949. Shankly was able to rebuild the team, bringing in six fresh faces including Billy Hogan for the club record £4,000.

It ended badly, however, because in 1951 Shankly accused the board of reneging a bonus for the players, should the team finish in the top three of the League. Shortly after, he resigned and accepted an offer from Grimsby Town.