Football’s autumn crisis club, Northampton Town, take their unpaid players on Saturday to play their former tenant, Coventry City, in an FA Cup first-round tie at which buckets will be rattled and a familiar cry heard: Save the Cobblers. Northampton face a winding-up petition from Her Majesty’s Revenue and Customs for a reported £160,000 unpaid tax and the club’s hardworking staff have not been paid their October wages – the Professional Footballers’ Association is stepping in to pay its own members.That cash-flow squeeze, however, which is expected to be salvaged by Kelvin Thomas, the former Oxford United chairman taking over the club next week from David Cardoza, is the least of the scandal which has enveloped the club. Put bluntly, there is a huge, grim question over where £10.25m has gone, which was lent to the club by Northampton borough council between September 2013 and August 2014, specifically to pay for improvements to its Sixfields stadium, including a new East Stand.
Read more http://www.theguardian.com/football/2015/nov/06/northampton-town-extinction-missing-millions#_=_
Police are working with Northampton council "to see whether any criminality has occurred" in connection with its £10.25m loan to the town football club.
The club also owes HM Revenue and Customs (HMRC) £166,000 - which has led it to seek a winding up petition.
http://www.bbc.co.uk/news/uk-england-northamptonshire-34743340
Read more http://www.theguardian.com/football/2015/nov/06/northampton-town-extinction-missing-millions#_=_
Police are working with Northampton council "to see whether any criminality has occurred" in connection with its £10.25m loan to the town football club.
The club also owes HM Revenue and Customs (HMRC) £166,000 - which has led it to seek a winding up petition.
http://www.bbc.co.uk/news/uk-england-northamptonshire-34743340