A winding up petition against Northampton Town FC will be heard at the High Court today, just days after the Borough Council tried to intervene to stop the measure.
Northampton Borough Council appealed to the HMRC to put the club into administration instead, to allow more time for takeover talks to be completed.
The club had missed its deadline to repay a £10.25 million loan to Northampton Borough Council and was then issued with a winding up petition over thousands of pounds it also owes to the taxman.
Northampton Borough Council will apply to put the town's football club into administration in court on Monday to try and stop it being wound up.
A winding up petition against Northampton Town for unpaid taxes is due to be heard at the High Court in five days time, which could result in the club going into liquidation.
If the Council's petition is granted, it would put the HMRC action on hold and give the Cobblers more time to conclude a takeover.
The Council say they have had reassurance from the Football League that the club would not face a points deduction - that would only happen if all rescue efforts fail.
The draw for the second round of the FA Cup has been made. Find out who your team have got here.Read the full story ›
Supporters of Northampton Town hope a good run in the FA Cup could help alleviate some of the troubled club's financial problems.Read the full story ›
Northampton Town won't face a points deduction despite the fact that the PFA have had to step in to pay the players' wages.
The union have decided to pay the players after they weren't paid last week.
Speaking to ITV News Anglia, the club confirmed that there will be "no sporting sanction" and say fans shouldn't be concerned.
ITV News Anglia understands that the Northampton Town players will finally be paid by the end of this week, but not by the club.
Instead, it's believed that the Professional Footballers'Association have decided to step in and pay their wages.
The PFA is the trade union for professional footballers in England and Wales.
The Cobblers players weren't paid last week due to their accounts being frozen after they were hit with a winding-up petition by HMRC.
Speaking to ITV News Anglia, the club said that takeover talks are continuing and added that they were hopeful that this latest development will have no impact on those discussions.
Coventry City fans will hold a bucket collection in support of Northampton Town when the two clubs meet in the FA Cup on Saturday.
The Cobblers are in big financial trouble after being hit with a winding-up petition by HMRC and also told that they must pay back a £10.25 million loan to the local council.
Now, the Sky Blue Trust have called on their fans to donate towards a fighting fund.
The two clubs have a good relationship, with Coventry playing their homes games at Northampton's Sixfields stadium in 2013.
"Northampton Town FC is in huge financial peril. The club faces a winding-up petition in the High Court from HMRC over an unpaid tax bill.
There are also serious concerns over the whereabouts of a £10.25 million loan from Northampton Borough Council for stadium works which have not been completed. The players and staff are currently working for no pay.
Over the last few months questions posed by Northampton Town Supporters’ Trust to the football club’s chairman, David Cardoza, regarding this critical situation have remained unanswered.
The Sky Blue Trust and Northampton Town Supporters’ Trust are now uniting in solidarity over the need for a healthy say in our respective clubs.
Northampton Town Supporters’ Trust has launched a fighting fund to help save Northampton Town Football Club because it is at risk of going into liquidation. The initial target is £100,000.
Funds raised will be used to deliver a more functional voice for supporters in any club in the future. This may mean negotiating with a new owner, administrators or the establishment of a phoenix club. Please help give a fighting chance to a club with 118 years of history.
A bucket collection by both Coventry and Cobblers fans towards the fighting fund will take place outside the Ricoh Arena before the FA Cup tie this Saturday, 7 November.
We would like to call on Coventry City fans and visiting Northampton Town supporters to please help our cause and donate."
Councillors in Northampton will meet today to discuss the next move in the ongoing financial saga at the town's football club.
The authority lent the Cobblers more than £10m for a new stand at Sixfields but the club defaulted. Today they will meet to discuss how to get the money back.
A prospective new chairman has been found but - Kelvin Thomas says it is too early to say whether the financial issues surrounding the club can be resolved.
The Cobblers are in deep financial trouble and owe money to HMRC as well as the borough council.
Northampton Town have confirmed that their players and staff haven't been paid on time ahead of their weekend game at Newport County.
The Cobblers' Chief Executive James Whiting warned that the wages would probably be late during a press conference earlier this week, but those fears have now been realised.
The club's accounts have been frozen after a winding-up petition was lodged against them by HMRC.
The club say that all the players have travelled on the bus to Newport as normal though.
Prospective new Northampton Town chairman Kelvin Thomas says it's too early to say whether the issues surrounding the club can be resolved.Read the full story ›