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Kettering Town on the Brink After Another Match is Postponed

Written by: Keith Tully

Published: 12th October 2012

Corner-lineKettering 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.

Keith Tully

Keith Tully

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Keith has been involved in Business Rescue since 1992, during which time he’s worked for both independent and national firms. His specialties include company restructuring matters and negotiating with HMRC on his clients behalf.

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