Kelvin Thomas to announce himself as chairman of Northampton town during press conference this afternoon

Kelvin Thomas is set to announce he has taken over as majority shareholder of Northampon Town at a press conference today.

Kelvin Thomas is set to announce he has taken over as majority shareholder of Northampon Town at a press conference today.

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Former Oxford United chairman Kelvin Thomas is set to announce he has taken over as chairman of Northampton Town during a press conference this afternoon.

The radio entrepreneur revealed he had agreed terms to take over as majority shareholder on Monday, stating that it would still be a number of days before all the official paperwork was completed.

But it is understood Mr Thomas and former chairman David Cardoza have now both signed a shareholder’s agreement following weeks of fraught negotiations, which nearly saw Mr Thomas step away from the deal.

Mr Thomas is set to make his first public appearance as chairman during a press conference at Sixfields Stadium at 3pm today.

The news that paperwork has been completed comes just a day before an administration petition in respect of Northampton Town is due to be heard at the High Court.

The club still owes the HMRC £166,000 in unpaid tax bills.