Northampton Town supporters trust have started a crowd funding campaign to raise £100,000 to try and prevent club from being wound up .
details in the enclosed article
http://www.northamptonchron.co.uk/news/l...-1-7028007
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Is Alan Carr gonna do a benefit gig? If not, why not?
Portsmouth faced the same situation twice in recent years, but we managed to survive the winding up order both times, despite being unable to pay our debts. So all is not necessarily lost, even if they don't raise the money. In fact, and I hope this doesn't sound cynical, but if Northampton were to go out of business the club would almost certainly be re-formed anyway, just as many other clubs have been in recent years after being liquidated, such as Aldershot, Chester, Darlington, Halifax and Maidstone.
But won't they get relegated or have a 15 point deduction next season if they do?
Yes they will. Portsmouth avoided being wound up, but we had to suffer 3 deductions, 9pts, 10pts and 10pts again.
We (Luton Town) suffered a -30 point deduction i can't see any team getting punished that badly again
Northampton Council have launched an administration petition to give club more time to hopefully complete a takeover by ex Oxford United chairman Kelvin Thomas. An administration petition takes priority over a winding up petition so club has until 30th November to complete takeover
Seems Northampton Council have agreed a deal over its debt which has allowed Kelvin Thomas's group to buy the club.
The £10 million will be paid by Northampton town giving up land for redevelopment
Bolton are the latest club to be served with a winding up order - and they were in the Premier League as recently as 2012.