Northampton Borough Council has “positive and constructive” meeting with Indian consortium set to buy Cobblers

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Senior officers from Northampton Borough Council have had a “positive and constructive” meeting with representatives from an Indian consortium buying Northampton Town Football Club.

After the announcement that current chairman David Cardoza had agreed initial ‘heads of terms’ with the unknown Indian consortium, Councillor Leader Mary Markham called for an ‘early meeting’ with the two parties.

The authority is one of the club’s biggest creditors after it handed over a loan for £12 million to complete an overhaul of Sixfields Stadium in 2013.

In a statement released today (Wednesday), a borough council spokesperson said: “Senior officers from Northampton Borough Council have met with representatives of the consortium that has agreed initial Heads of Terms to buy a controlling interest in Northampton Town Football Club.

“The meeting was positive and constructive and further meetings are expected to follow.”

When the proposed takeover deal was announced last month, Mr Cardoza said the consortium would take control of the football club, as well as ‘100 per cent of the company that owns the lease on the land to be redeveloped’ surrounding Sixfields.

He said: “This would be a very positive move for the club. I hope supporters recognise that while they might not always agree with my decisions, I have always acted in the best interests of the club and I am doing the same again here.

“The deal includes 100 per cent of the company that owns the lease on the land to be redeveloped, and is a major investment in Sixfields and Northampton as a whole and benefits the wider community, not just the football club.

“Until things have been concluded it is very much business as usual.”