Land adjacent to Sixfields not part of SAC's Northampton Town investment
"We have invested in the football club and have nothing to do with the land."
Further details have become clear with regards to the investment deal that has seen Sports Alpha Capital become the majority shareholders in Northampton Town.
And it has been confirmed the Brazilian-British consortium has only invested in the football club itself, and not the large area of land adjacent to Sixfields Stadium, which is still under the ownership of County Developments (Northampton) Ltd.
The deal that SAC had taken control of the Cobblers was announced on Wednesday, with it being made clear the new investors had taken control of a 'debt-free' club.
And that is because they 'have nothing to do with the land' behind the LCS Stand, and also because previous owners Kelvin Thomas, David Bower and Nigel Le Quesne have 'written off' loans made to the Cobblers.
The trio are still directors and shareholders with the club.
New co-chairman João Xavier was introduced to the media in a press conference at Sixfields on Saturday, and was asked about his plans for the land behind the LCS Stand that has been a discussion point for a very long time.
"We have nothing to do with the land, the real estate," revealed Xavier.
"We have invested in the football club and have nothing to do with the land. The land belongs to the previous custodians of the club.
"We hope they can do great things with the land, but it's not something we know about."
County Developments is owned by former Town chairman Thomas and Bowie, and Cobblers chief executive James Whiting confirmed that the club itself had now been separated from the land.
"The club as it stands today is debt free, and that is down to a combination of the land transaction, and the fact Dave, Kelvin and Nigel have written off some loans as well," said Whiting.
"It is fantastic of them to leave the club in a debt-free position, and it's a real testament to them that the guys coming in now haven't got to worry anything, and it is an exciting time.
"They haven't got to worry about any legacy debt or any of that stuff and can push on forward.
"So they (the club and land) are two separate things now, and the new guys' sole focus is on the club."
There has been no confirmation of how much SAC have paid for their 70 per cent majority shareholding.