Former Oxford United chairman and radio station owner Kelvin Thomas is reported to be in talks about taking over Northampton Town Football Club.
Thomas, who was spotted at Oxford’s home game against Plymouth last night, is believed to be part of a “small consortium” interested in taking control of the troubled club, after a joint investigation by the Chronicle & Echo and the Oxford Mail.
A source close to the heart of Mr Thomas’s former club claimed that the businessman was in the “advanced stages” of talks with Northampton Town.
Attempts have been made to contact Mr Thomas, who owns the Shaq-Fu internet radio station in Florida, this morning.
Speaking yesterday to the Chronicle & Echo, Cobblers chairman David Cardoza, who did not give any details as to the potential new owners, said: “This is a very crucial time, but the opportunity is there for this situation to be sorted out once and for all.
“Now we are just waiting on all parties involved to reach an agreement. I am waiting to hear back from people, and it is out of my hands now.
“I have done everything I can do, and now we are just waiting on the parties to reach an agreement.”
The reports this morning of Mr Thomas’s rumoured involvement come on the back of the club failing to pay back £10.25 million to Northampton Borough Council and missing tax payments.