Cobblers filed their accounts on Tuesday, which confirmed a sharp rise in losses. But how do they compare with the rest of League One from the 2024/25 season? A full list can be found below (figures for Birmingham, Huddersfield and Mansfield were not available).
Football finance expert Kieran Maguire has spoken to the Chron’s sister paper the Doncaster Free Press, saying: “Everyone is losing more and more money. In Leagues One and Two, even four or five years ago, clubs weren't making profits necessarily but the losses were manageable. We seem now to have moved into a new era whereby club owners are willing to subsidise clubs to a greater extent.
"And that's ok until it's not ok. You only have to have someone having a change of heart or change of circumstances as we've seen at Derby, Chelsea and others. So if the owner has problems then the club has problems and that's the scary thing.
"All fans want to know is 'how much can we spend?' And I guess it's a bit like having a credit card. If you have a limit then it's a target. You don't win a prize when you hit that limit - it's a danger sign! Owners are under pressure from fans to deliver on the pitch and you deliver that, mostly, by spending money. But only three or four teams get promoted regardless of how much is spent.”
