EXCLUSIVE: ‘No firm offer yet been made’ for Northampton Town to pay back £10.25 million, council confirms

Pre-season friendly at Sixfields Stadium. 'Cobblers V Derby County. 'The East Stand. NNL-150726-184743009
Pre-season friendly at Sixfields Stadium. 'Cobblers V Derby County. 'The East Stand. NNL-150726-184743009
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No firm offer has yet been made for Northampton Town to pay back the £10.25 million owed to the borough council, the Chronicle & Echo can reveal.

The club has been given until the end of today to return the money given to the club to expand and develop the stadium. As of last night, the loan was still outsanding.

The Chron had originally understood yesterday afternoon that an offer had been put forward regarding the payment of the loan.

However, in a statement issued to the Chron tonight following our inquiries, a spokesman for Northampton Borough Council said they had met with “people introduced to us by [club chairman] David Cardoza”.

A spokesman for the council said: “We can confirm that [yesterday[ afternoon we have met with people introduced to us by David Cardoza.

“We have not received any firm proposals and any that we do receive would have to be subject to proper due diligence and scrutiny.

“[Today] is the deadline for the repayment of the loan. We await further information from the people we have met,” he added

In previous comments to the media, Mr Cardoza said the 21-day deadline was one the club “intended to meet”.