Cobblers chairman 'comfortable' with £1m loss

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Cobblers chairman 'comfortable' with £1m loss
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Kelvin Thomas says he hopes a meeting on Monday will lead to some progress on the stalled East stand.

The chairman of a League One football team says he is "comfortable" with the prospect of a £1m deficit in his club's budget.He said he was determined to make sure the Cobblers did not overspend which some other teams had done.Speaking to BBC Radio Northampton Mr Thomas said: "I've seen people say we've got the worst budget in the division - 'it's not a League One budget'.

"We're budgeting to lose just over a million quid and that's to come eighteenth. It sounds crazy, but David and I have talked about it and we're comfortable in that million range", he added.He pointed out how the Rams had overspent and had "almost gone out of business". Development of the stand has been dogged by legal issues and was part of a land deal that was the subject of a judicial review earlier this year.

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