SAC takeover deal latest as club prepare for official announcement
Sports Alpha Capital (SAC) are set to complete their deal to acquire a majority stake in Northampton Town Football Club imminently, with an official announcement lined up for the first half of next week.
The club revealed that a full agreement had been reached with SAC last Friday and they had initially hoped to make an announcement confirming the takeover this week.
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That has now been pushed back by a few days as legal processes continue, however the Chron understands that all the relevant documents have now been signed and completion is in progress. Preparations are being made for an official announcement in the early part of next week.
SAC are a Brazilian-UK investment group featuring former Brazil and AC Milan striker Alexandre Pato. The consortium were approved by both the Independent Football Regulator (IFR) and EFL to proceed with their deal earlier this month.
Lawyers and representatives from both parties have been going over the final details this week ahead of formal completion. SAC are also expected to publicly discuss their plans for the club once the deal has been confirmed.