Former Stadium Sponsor of Northampton Town FC Goes Bust With £4m Debts

[Ericsladkilnhurst]

Former Northampton Town FC stadium sponsor PTS Academy goes bust with
£4m debts, with the loss of 32 jobs.
The company bought the naming rights to Sixfields stadium for 5 years in 2018,
but the deal ended this summer with the companies uncertain financial future,
in the wake of the Education & Skills funding agency withdrawing funding, for its
apprenticeship schemes.
The company wanted to carry on with a scaled-down operation, but not deemed
viable, so the company went into liquidation.

List of creditors -

£70,000 to Northampton Town FC - Where they also had a deal as back-of-shirt
sponsor.
£1.5m covid loan from Lloyds bank.
£500,000 owed in tax bills
£60,000 owed to Northampton Saints in a deal training & development partner.
Plus other creditors.

Big income loss to Northampton Town, so looking a a new naming rights sponsor,
& a shirt sponsor.
Put this article has to raise what financial losses, some clubs have been hit with
on covid & financial issues.

[welovebooth]

Haven't Northampton Town ripped the councill off with funding for there stadium.

Or has that all been repaid.

[millertop]

The firm that did our scanners have gone bust, that’s why the club have had new ones installed

Let’s hope Northampton ain’t going to be another club thrown to the dogs

[Ericsladkilnhurst]

Just posted AFC Wimbledon get a new stadium sponsor, who have paid the 3 years
contract in advance, tough in football.