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PostSubject: Northampton Town News   Northampton Town News EmptyTue Nov 17, 2015 9:35 pm

Northampton Town News

Northampton have been given more time to try and secure a takeover

A decision on the winding-up petition brought against Northampton Town by HMRC for unpaid tax has been adjourned until 30 November after a High Court hearing.

The club are fighting to avoid being placed in administration and the decision means they have more time to agree a takeover deal.

A judge heard the winding-up petition application on Monday morning and decided to adjourn the case until the end of November

And a club statement released following the hearing read: "Northampton Town Football Club acknowledge the High Court's adjournment until November 30th of the winding up petition brought by HMRC.

"The club's role is currently to provide assistance where necessary to the ongoing process and to ensure that through this period the club continues to operate as normal.

"We understand this is a difficult situation for supporters and we would like to thank all supporters for their continued patience and support."

Former Oxford chairman Kelvin Thomas heads a consortium who have agreed a deal in principle to buy the Cobblers but they have not yet been able to reach agreement with Northampton Borough Council over a debt of £10m which the club owes the authority.
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PostSubject: Re: Northampton Town News   Northampton Town News EmptyTue Nov 17, 2015 9:48 pm

0.7p in the pound .........
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