Northampton announce near £3m loss for 2024-25

Northampton Town have announced a pre-tax loss of £2.995m for the 12 months ending 30 June 2025.

The figure compares to a loss of £2,030m the previous season - but turnover has increased by more than £800,000 to a club record £7.541m.

There was also an increase in the playing budget of over 20% as the Cobblers finished 19th in League One - five points clear of the relegation places - under Kevin Nolan, who replaced Jon Brady mid-season.

"The figures show the challenges we face in terms of football financing and in particular the inflation of player wages," said chairman Kelvin Thomas.

"We have continued to fund the club and maintain the highest playing budget that we can, while trying to keep the reliance on owner funding and losses to a level that does not risk the short, medium or long-term future of the club.

"We support the move towards a more sustainable future for both the club and football in general.

"That remains difficult to achieve in the current climate but we are encouraged by the formation of the Independent Financial Regulator (IFR) and believe that a new distribution model alongside effective changes to spending cost controls will be necessary to help to achieve sustainability in the future."

The period covered by the club's latest annual report saw the opening of the LCS East Stand, their Sixfields home now having a capacity of more than 8,200.

There was also an increase in profits from transfer incomings and outgoings, up from £256,409 to £478, 098.

This season, however, has proved even more challenging and Northampton are currently in the League One relegation places, 10 points from safety with just seven games to go.

Nolan was sacked as manager on 9 March after only one win in the previous 16 matches and technical director Colin Calderwood was put in charge of the team.

They have lost all three games since then but the club this week confirmed Calderwood will continue as interim boss until the end of the season, external.

"We have had a shocking few months on the pitch and we can't hide from that," Thomas said in a statement.

"We are all shocked at the slide, we know where we are as a club and where we are budget-wise but we haven't overachieved this season and we haven't been able to arrest the slide over the last few months.

"When you make the decision for Kevin to leave, you hope it makes a difference results-wise but so far, it hasn't.

"That changes the decision slightly because there are a couple of managers we have identified who are currently in jobs. The pool of managers gets bigger in the summer and it is a big decision what to do next.

"With that in mind, we have decided that Colin and the staff will remain in place until the end of the season and then we'll have a few more options at the end of the season."

Northampton are away to Bradford City on Friday.

Asked if he thought clarity about his position would help in the current situation, Calderwood told BBC Radio Northampton: "I don't think too much will change because of that.

"We plough on and work with the group as well as we can, keep trying to nudge forward, find improvements from the last game after which they were quite scathing about themselves."