Yesterday around £140 million was spent on deadline day transfers. Gareth Bale's move to Real Madrid broke the World Transfer record, but one of the oldest clubs in our region could be about to go out of existence for a debt roughly equivalent to a day's pay for Bale.
Kettering Town were officially wound up at the high court yesterday, but the club has vowed to fight on. Click above to see Donovan Blake's report.
Dunstable Town Football Club will fundraise for troubled Kettering Town when they face each other this evening.
KTFC yesterday announced a winding-up order had been granted by the High Court.
It relates to a £58,000 debt owed to Rushden and Diamonds - the company left over when Rushden and Diamonds FC was dissolved in 2011.
It was unclear whether tonight's match at Creasey Park Stadium would go ahead but Dunstable Town have this morning announced the game is still on.
The club will donate £1 to Kettering Town from ticket sales for every full-paying adult who attends. It's encouraging fans to turn out tonight and help boost the fundraising total.
There is still doubt over whether Kettering's scheduled game against Dunstable Town will go ahead tomorrow night.
Local reports suggest that the situation is still being looked at by the Southern League.
Kettering Town Football Club has has been wound up in the High Court today.
The club was officially wound up over a £58,000 debt owed to rival club Rushden and Diamonds (2008) Lt, the company left over after Kettering's former rival, Rushden and Diamonds FC, went to the wall in 2011.
High Court official Registrar Jones – who disclosed that he once represented Kettering Town as a lawyer – today ruled it was right to exercise his discretion to wind up the club.
Lawyers for the club had sought one more adjournment of four or five weeks in order to settle the debt.
The beleaguered club was in the Conference as recently as 2012 but two relegations had put it in the Southern League Division One Central.
The club was due to play Dunstable Town tomorrow, it is unclear whether the game is to go ahead.
Kettering Town Football Club has prevented a bid by revenue officials to close it down because of unpaid tax bills. A High Court case was dismissed after the club paid its tax debts.
Catherine Addy, counsel for HMRC, told the Registrar that the club's debt and costs had been "paid in full".
Supporters have been fundraising since the winding up order was announced.