Embattled Northampton Town chairman David Cardoza has claimed he will write off more than £6 million he loaned to the football club to enable a sale to go through.
Crunch meetings between Northampton Borough Council and prospective buyer, former Oxford United chairman Kelvin Thomas, are due to take place today.
At a public meeting last night it was revealed Thomas had agreed to buy the club and continue the East Stand works, providing the borough council could give his consortium some leeway on repaying the £10.25 million loan.
Sources inside the club suggest Mr Thomas and a group of financial backers are looking at investing around £4 million into Cobblers.
But the meeting saw several supporters heap further pressure on current chairman David Cardoza to explain where that council loan money has gone and to explain why the club finds itself subject to a winding up petition form the HMRC for unpaid taxes now said to total £166,000.
Speaking to the Chronicle & Echo this morning he has claimed that he and his father Anthony Cardoza would be willing to write off any money they are owed by the club. He said: “For the deal to go forward we would agree to write off all our loans to the club.
“It is over £6 million.
“We have known for a while this would have to happen. We agreed this has to be done.
“The football club has to survive and we are doing everything to make that happen.
“By having done this deal with Kelvin Thomas, that will make sure this won’t happen.”
However judging by reactions at last night’s meeting Mr Cardoza has some way to go in clawing back favour from Northampton Town fans, even if he is true to his word.
Trust member and former Northampton MP Tony Clarke, said last night: “My concern is that David Cardoza will be looking to get out of this deal as much money he can.”
He added that the Northampton Town Supporters’ Trust would need to play a big part in any negotiations to take over the League Two side and he urged David Cardoza to involve the trust more in the takeover talks.
“Otherwise who is looking after the interests of this football club,” he said. “When David Cardoza is looking to do whatever he can to get out of a mess of his own creating.”