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| Northampton footballers 'will not be paid on time' warning | |
| (35 minutes later) | |
| Financial problems at Northampton Town Football Club mean there is "every chance" players and staff will not get paid on time. | |
| Chief executive James Whiting said he expected salaries to be paid eventually - but not by Friday, after the club's bank account was frozen. | |
| The news came as it emerged chairman David Cardoza plans to sell the club to ex-Oxford United boss Kelvin Thomas. | |
| The club owes Northampton Council £10m, loaned to fund a ground redevelopment. | |
| Mr Whiting said the sale would only go through if Mr Thomas was able to do a deal with the council over the £10.25m loan, which was to have been used to redevelop the club's Sixfields ground. | |
| A winding-up petition has been sought by HM Revenue & Customs, to whom Mr Whiting says the club owes £166,000. | A winding-up petition has been sought by HM Revenue & Customs, to whom Mr Whiting says the club owes £166,000. |
| Northampton Borough Council said in a statement: "We note that the outline of a deal to acquire the Cobblers is reported as having been agreed. | Northampton Borough Council said in a statement: "We note that the outline of a deal to acquire the Cobblers is reported as having been agreed. |
| "We also note that it is also reported that a proposal is to be made to the council. | "We also note that it is also reported that a proposal is to be made to the council. |
| "The council will consider any proposal with due regard to its responsibility to protect the public purse." | "The council will consider any proposal with due regard to its responsibility to protect the public purse." |
| Mr Thomas is the owner of US-based radio station, Shaq-Fu. He took over at Oxford United in 2008, with the U's lying 19th in the Blue Square Premier. | Mr Thomas is the owner of US-based radio station, Shaq-Fu. He took over at Oxford United in 2008, with the U's lying 19th in the Blue Square Premier. |
| In December 2008, he appointed current Cobblers boss Chris Wilder as Oxford manager. | In December 2008, he appointed current Cobblers boss Chris Wilder as Oxford manager. |
| Under his chairmanship, Oxford returned to the Football League and achieved two top-half finishes. | Under his chairmanship, Oxford returned to the Football League and achieved two top-half finishes. |
| More recently, he worked in an advisory role at Torquay United. | More recently, he worked in an advisory role at Torquay United. |