MP ‘welcomes’ independent investigation into borough council’s loan to Cobblers but says real issue is recovering loan and saving club

Borough Council Leader, David Mackintosh, and Chairman of Northampton Town FC, David Cardoza, look over the new plans for Sixfields. ENGNNL00120130810121502
Borough Council Leader, David Mackintosh, and Chairman of Northampton Town FC, David Cardoza, look over the new plans for Sixfields. ENGNNL00120130810121502

Northampton MP David Mackintosh has welcomed an independent investigation into the borough council’s handling of the £12m to Cobblers...but says the real issue is the recovery of the money and the future of the club.

Mr Mackintosh was leader of the borough council when the loan to Northampton Town was approved in 2013.

On Thursday, it was revealed that external auditors KPMG would be carrying out an independent investigation into how the borough council managed the loan to Northampton Town and to prepare a public interest report.

In a statement after an approach by the Chron, Mr Mackintosh said: “I have said repeatedly since October 9 that I support a public inquiry, and so obviously I welcome the borough council’s announcement.

“Again, I am confident that due diligence was undertaken and that all of the loan procedures were followed correctly. I hope this will demonstrate that, and we can focus on the real issue which is the recovery of tax payers money and the future of NTFC.”

Current leader of the council, Councillor Mary Markham, said on Thursday: “We have met with our external auditors, KPMG LLP, today and understand that they intend to investigate how the borough council managed the loan to Northampton Town Football Club and to prepare a public interest report.

“We wholeheartedly welcome this investigation, which will look into our governance arrangements for approving and managing the loan and its repayment.

“KPMG has the right to issue a public report after their independent investigation, and the council would support any such decision to do so.

“If there are any weaknesses in the way that this matter has been handled, I am determined that we will identify them and ensure they are not repeated in the future.

“Alongside this investigation, we continue to work with Northamptonshire Police on understanding what has happened to the money and if a formal complaint can be made to them, we will do so.”