Written by: Keith Tully
Reviewed: Friday 12th October, 2012
Kettering Town are the latest traditional British football club facing possible extinction due to financial troubles.
The ‘Poppies’ could only field ten players in last week’s 7-0 defeat by Bashley and were unable to produce a team to fulfil their Tuesday night fixture against Leamington.
Players have left the club having not been paid for a number of weeks as the club struggle to pay £3,000 as part of a CVA to avoid a winding-up order.
The Evostik Southern Premier league side were founded 140 years ago and have a staunch local fanbase but fears that the club will be closed down have grown immeasurably in the last week.
Saturday’s scheduled home fixture against Bideford has also been postponed as the club has had its electricity supply cut off due to non-payment and they have failed to bring in a back-up generator.
Despite the hardship, owner Imran Ladak is confident the club has a future, with three prospective buyers interested in launching a takeover bid.
"We're in talks with different people to take the club over," Ladak told BBC Radio Northampton.
"Non-disclosure agreements have been signed with two of those. Hopefully, one of the buyers can reach a conclusion sooner rather than later.”
Ladak, who is attempting to recoup £422,000 in a dispute with sponsors, has also assured supporters that the £3,000 required to meet the conditions of a company voluntary agreement and thus avoid a winding-up petition will be paid.
21st February 2019
Members of parliament have proposed that an online sales tax be levied against internet retailers in order to provide support for their high street counterparts.Read More
20th February 2019
The proposed merger of two of the UK’s largest retailers has been thrown into jeopardy with the Competition and Markets Authority (CMA).Read More