Police officers have been removing documents from the offices of Sixfields Stadium this evening as part of a formal investigation into the Northampton Town loan deal.
Following today’s earlier announcement by Northamptonshire Police that it had served a warrant at the ground, teams of police have been sorting through documents relation to the £10.25 million loan from Northampton Borough Council.
Officers were seen removing files and computers.
A statement from Northamptonshire Police said: “Northamptonshire Police can today confirm that we have received a formal complaint from Northampton Borough Council.
“This relates to alleged financial irregularities surrounding the loan made by the council to Northampton Town Football Club.
“In response, a team of officers this afternoon served a warrant at Sixfields Stadium in order to secure any documentation which may be relevant to the investigation.
“The football club is being fully co-operative at this stage.
“This is likely to be a complex and challenging inquiry, and it would be inappropriate to comment further at this stage.”
An investigation by the borough council’s external auditors, KPMG LLP, is taking place and will continue in parallel to the police investigation.
Councillor Mary Markham, leader of Northampton Borough Council, said the council had been working for some time with the police and had now made a formal complaint.
“As there is now a live police investigation, it would be inappropriate to comment further at this stage. The investigation will have the full cooperation of Northampton Borough Council.