BREAKING NEWS: Former Northampton Town chairman at High Court hearing over sale of unfinished Â£1 million home
Former Northampton Town chairman David Cardoza is at a hearing this morning in Birmingham as Northampton Borough Council bids to block the sale of an unfinished Â£1 million house.
The council is seeking to an injunction to block the former Cobblers chairman from selling an unfinished £1 million house as it seeks to recoup its lost £10.25 million.
The authority is taking steps to prevent the sale of David and his wife Christina Cardoza’s former home in Golf Lane, Chapel Brampton.
The property, which has an estimated price around the £1 million mark, is currently a building site after work halted on a renovation scheme there.
Mr Cardoza had plans approved to rebuild the six-bedroom structure in June 2014, complete with a cinema room, plant room and family room.
But the borough council, which loaned Northampton Town Football Club £10.25 million over the course of 2013 and 2014 when Mr Cardoza and his father Anthony were directors, is now applying to halt the sale of the house.
The property, which a council spokeswoman confirmed was called “Cheriton”, is in the name of Christina Cardoza.
Last month, a spokeswoman for the council said: “The borough council applied for an interim injunction to prevent the sale of Christina Cardoza’s house.
“Christina, Anthony and David Cardoza, have been named in the proceedings.
“We have taken this action against the Cardozas as part of our pursuit of the £10.25 million loan made by Northampton Borough Council to Northampton Town Football Club, of which David and Anthony Cardoza were directors.
“The borough council took on the right to pursue the debt from the football club under the memorandum of understanding signed with the club’s new owners and we have made it clear that we do intend to take the action needed both to find out what happened and to recover the public money that has not been repaid.”
The matter is being heard today at the District Registry of the High Court in Birmingham.