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Northampton footballers 'will not be paid on time' warning Northampton footballers 'will not be paid on time'
(35 minutes later)
Financial problems at Northampton Town Football Club mean there is "every chance" players and staff will not get paid on time.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.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 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.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.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 said the club owed £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. A council spokesman said: "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.
"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."
At a public meeting on Monday, Mr Whiting thanked fans for their support.
He added: "We were asked a direct question about whether the players and staff would be paid on Friday. The situation is that because of the ongoing uncertainty it is likely that the wages will be paid late this month."
'Difficult times'
Skipper Marc Richards said: "These are difficult times, but we will all stick together, we appreciate being told face to face and we will help each other through this."
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.