Financial problems stem from the redevelopment of Sixfields

icon moneysave27 October ~ Northampton Town chief executive James Whiting has today announced that the club may not be able to players or staff on time this month, as their bank accounts have been frozen. Chairman David Cardoza is attempting to sell the club to former Oxford United boss Kelvin Thomas and the Cobblers owe £10 million to Northampton Council, which was loaned to fund the redevelopment of Sixfields. A winding up petition has also been sought by HM Revenue & Customs. In WSC 345 Tom Shepherd looked at how Northampton’s financial troubles built up, and why the fans felt compelled to protest against their chairman, which you can read here.

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