Club pulled out after being asked to pay a weekly contribution higher than the striker's actual weekly wage
Northampton Town can confirm that the deal to sign Miles Storey on loan from Swindon Town won't currently be proceeding.
Northampton Town and Swindon Town had verbally agreed for the striker to spend the rest of the season on loan at Sixfields, but during the completion of paperwork it became clear the club were being asked to pay a weekly contribution higher than the striker's actual weekly wage.
"We will pay the wages of a player but we aren't being lulled into paying a loan fee for a 21 year old," said manager Chris Wilder.
"That's not how we do things and we move on. Miles was one of a number of targets and there is no way we are being led into paying what was effectively a loan fee for a young player.
"We will do a deal if it is right for us but we won't if not. If Swindon want to pick up the phone and agree a deal to cover his wages that's fine but we aren't sitting around waiting, we are moving on."