At the same time, Kevin Sheedy was replaced as coach of Essendon by Matthew Knights, who had previously coached Essendon's VFL affiliate, the Bendigo Bombers.
The text describes a simultaneous change in leadership for Essendon Football Club.  Kevin Sheedy is replaced as head coach by Matthew Knights, and this replacement is linked to Knights' previous coaching experience with the Bendigo Bombers, Essendon's VFL team.