BUSINESS

Authority in line to lose £10m if club is wound up

Northampton BC’s attempts to recoup a £10.25m loan to a football club have gone into extra time after the taxman issued a winding up notice.

By Jamie Hailstone | 20 October 2015

Northampton BC's attempts to recoup a £10.25m loan to a football club have gone into extra time after the taxman issued a winding up notice.

The council had given Northampton Town Football Club until 15 October to repay the loan, which was originally made back in 2013 for the club's East Stand development.

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Popular articles by Jamie Hailstone

  1. Are STPs delivering the change agenda?
  2. It's all about relationships
  3. Frugal authorities may be left exposed to more cuts
  4. Turning challenges into opportunities
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