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John Gorman yesterday walked away from his job as Cobblers booss, admitting the pressure of managing the Coca-Cola League One strugglers got too much for him.
The Scot, who has been in the job 6 months, handed in his resignation 'for personal reasons'.
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It is with regret that Northampton Town Football Club have to announce that John Gorman has officially resigned as manager and has left Sixfields with immediate effect.
This follows a meeting between John and David and Tony Cardoza on Wednesday morning when John's offer to resign was reluctantly accepted.
Northampton Town Football Club will now begin the process of searching for a new manager immediately. In the meantime first team coaches Ian Sampson and Jim Barron will look after first team matters.
Chairman David Cardoza said, "We are very sorry that John has had to make this decision. He did so for personal reasons. We continue to hold John in the highest regard and we wish him all the very best for the future.
"Ian Sampson and Jim Barron will take care of first team affairs until further notice as the process begins to find a new manager."
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David Cardoza has spoken about the resignation of boss John Gorman.
"It's very sad to see John depart," said the Cobblers Chairman to BBC Northampton.
"I got a call from John on Wednesday morning saying he wanted to meet to talk about things. My father and I discussed those things with him and John felt it was in his best interests to hand in his resignation.
"John is a very nice guy, very well liked and we totally respect the personal reasons for his resignation.
"The search for a new manager has already started. We have already had phone calls, emails, faxes and no doubt that will continue. We will make a decision as quickly as we can but we have to take enough time to get it right and appoint the right man.
"It's far too early to rule anyone in or anyone out. The January transfer window is coming and we want to have someone in place who is in a position to strengthen the squad."
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Northampton Town Football Club have rejected a six figure bid from an unnamed club for defender Luke Chambers.
"Luke has been with us since he was a very young boy and has matured into a very fine player and we do not want to lose our best players," said Chairman David Cardoza.
"Neither do we want to stand in the way of a young player to progress their career, but if a player is to leave this club then they will only do so if we feel the offer matches the ability and market value of the player, and is right for the club. No one will be leaving here for less than they are worth as we are very ambitious and keen to build a squad that is capable of moving us further up the Football League ladder."
In addition, the club have circulated the names of strikers Scott McGleish, James Quinn and Andy Kirk as being available for transfer.
"We are keen to strengthen the squad considerably in January and if that means that a few players have to leave to give the new manager, whoever that may be, the chance to do that then so be it," said Mr Cardoza.
"In the meantime the players are still under contract and are still very committed to doing well for Northampton Town.
"We anticipate that the new manager will have the chance to be very active in the transfer market in January.
"These decisions have been taken with the full knowledge of the players involved and the caretaker management team."
Early favorites (favourites) for the job are Sven Goran Eriksson, Gazza & Ian Atkins.
I KNOW, I FUCKING KNOW.