ADMIN CALL IS TO HELP TOWN
NORTHAMPTON Borough Council have lodged a petitoon asking for Northampton Town to be put into administration – in a bid to save the club from liquidation.
The club, which owes £10.25m to the council for loans used to help with the redevelopment of Sixfields Stadium, is due in court tomorrow over an unpaid tax bill of £166,000.
And with ex-Oxford United chairman Kelvin Thomas being close to a takeover, the council has pledged to do everything within its powers to protect the club’s future.
Leader of Northampton Borough Council, Mary Markham, said:“The council, when it met on November 2, was urged to take steps to oppose the petition for liquidation from HMRC, and it is unanimously committed to do all it can to support the Cobblers and their followers.
“This course of action would prevent the club being put into liquidation and would give us time to continue working with other interested parties, including the Supporters’ Trust, to put together a rescue plan for the club.”
The Football League have confirmed the Cobblers would not face losing points by the council lodging the petition. Only if the club goes into administration will it incur a points’ deduction.