League Two side Northampton players and staff finally paid for October and November
Published 03/12/2015 | 17:54
Northampton chairman Kelvin Thomas has confirmed the club's players and staff have been paid for October and November.
The former Oxford chairman completed his takeover of the Cobblers at the end of November amid financial trouble that had threatened to derail their impressive start to the Sky Bet League Two campaign.
Players and staff saw their wages held back for two months because of a winding-up petition over unpaid taxes. Thomas paid the outstanding bill of £166,000 after his takeover and he confirmed the situation over unpaid wages has now been resolved.
"We can only pay tribute to the staff and players for their commitment and professionalism," Thomas said on the club's official Twitter account.
"It was a priority for us to pay the wages as soon as technically possible for our employees especially in the build up to Christmas. We can now focus the energy staff spent just keeping the club afloat into taking the club forward."
An administration petition brought by Northampton Borough Council against the club is set to be heard on December 11 regarding an unpaid £10.25m loan to the club.
But Thomas and the council have a memorandum of understanding in place which would see the debt wiped out with the council acquiring land near Sixfields for development in return.