The leader of Northampton Borough Council has issued an urgent call for more details of plans to sell the Cobblers to an unknown Indian consortium.
The authority loaned the football club £12 million to complete an overhaul of its stadium in 2013.
But after today’s announcement that current chairman David Cardoza is close to striking a deal with an unknown buyer, council leader Councillor Mary Markham (Con, Park) has called for an ‘early meeting’ with the club and the Indian consortium.
She said: “We were told about the proposed sale of the football club earlier this morning.
“We have asked urgently for more detail, which we are entitled to as a major creditor of the club and the owner of the stadium and the land.
“Until we know much more, we are unable to comment further but we would welcome an early meeting with the Consortium so that we can discuss the future of the development and the loan to the club.”
Leader of the borough council’s opposition Labour group, Councillor Danielle Stone, has also raised concerns over the ongoing stadium development, which has currently been halted while the club’s ownership is resolved.
She said: “I understand this is of course a business decision but I just hope this Indian Consortium remains fully committed to the Sixfields redevelopment and, of course, football.
“Cobblers supporters have waited far too long for the redevelopment and have only recently seen progress on this issue. They will understandably be anxious at this time but there doesn’t appear to be an obvious reason why the development won’t continue to proceed in the near future. I really hope it does.
“The relationship between the Cobblers and Northampton Borough Council must always be a positive one, regardless of who is in charge.”