Lessons need to be learnt over the multi-million-pound loan to Northampton Town, the leader of the Labour Group said after a meeting with fans last night.
Councillor Danielle Stone met with representatives of the Supporters Trust to discuss the situation facing the Cobblers after they were ordered to pay back £10.25m to Northampton Borough Council after the loan deal to redevelop the stadium fell through.
“Clearly this loan has not worked out and the more this saga goes on it is clear that there are lessons which need to be learnt and questions answered. We all want to see a bigger stadium which is why we all gave the loan the benefit of the doubt,” Councillor Stone said.
“Councillor Mary Markham inherited this situation when she became Leader. The loan to Northampton Town Football Club was arranged and promoted by her immediate predecessor who is no longer a member of the borough council.
“Fans can take encouragement that the borough council and all political groups understand the need to retrieve public money but also support the club,” she added.
“All political groups have genuinely offered their support and advice to the Supporters Trust who clearly want to see their club thrive and grow.
“We are all determined to do what we can to help the club and ensure its long-term success. For now it is a waiting game to see if this loan is repaid before the deadline expires,” Councillor Stone added.