MP for Northampton South David Mackintosh says he has nothing to hide if there was an inquiry into the multi-million-pound loan to the Cobblers.
Mr Mackintosh, speaking on the Helen Blaby show on BBC Radio Northampton, also said he was “angry and frustrated” about the situation which has seen the East stand remain unfinished and the borough council threatening legal action if £10.25 million is not paid back by the end of next week.
Responding to questions from Northampton Town fans on whether he would support a public inquiry into the loan, Mr Mackintosh, who was leader of the borough council when the deal was made, said: “I have nothing to hide so there is nor reason not to have one. The borough council has acted completely properly.
“I am quite angry about the situatuion. I allowed the Cobblers to have the money to start building the stadium and the problem is that it has ground to a halt.
“I am now in a different role now so I don’t know the ins and outs of the situation other than it is frustrating.
“I am annoyed and quite angry that I worked so hard to get it unlocked in the first place,” he said.
“I dont belive there is a lack of scrutiny. The borough does have the power and provision to do it and is in a strong position to recoup the money.”
He also said it was the right move to threaten legal action if the money was not repaid.
“The borough has been very patient, but things have not happened. I can understand why the Cobblers fans are frustrated. I wanted things to work much quicker [as well].”