Angry Northampton fans clashed with club officials on Tuesday night, wanting to know what had happened to the money received for Ivan Toney.
However, Chief Executive James Whiting said that due to ‘an agreement’ with Newcastle United, they couldn’t reveal how much money was paid for their prize asset.
After a winding up petition was lodged against Northampton by MMRC for £166,000 in unpaid taxes, Whiting confirmed that the club’s accounts had been frozen.
It is now likely that both staff and players won’t be paid this coming Friday, leaving the club in chaos.
At the public meeting the supporters pressed the Chief Executive and other club officials on how the club was in this position after selling their star player to Newcastle.
Chief Exec James Whiting said that the money received for Ivan Toney was a:
“Good windfall for the club but it wasn’t huge.
“A lot of the money that did go in, in July and August, went on general running expenses.
“It did not leave us with a surplus in the bank account for situations like this.”
Club chairman David Cardoza did not intend the meeting with supporters last night and Northampton Town’s Communications officer, Gareth Willsher, said there had been very limited contact with Cardoza in recent weeks and couldn’t give any definitive answers as to where the Ivan Toney money had gone.
“The honest answer is that we just don’t know, it’s not that we don’t want to tell people what was going on.”