Northampton Town has been sold to former Oxford United chairman Kelvin Thomas. The deal has the approval of Northampton Borough Council who are owed £10.25m for work at and around the Sixfields stadium that was never completed. HM Revenue & Customs are owed £166,000 and are bringing a winding up petition.
Northampton Town has been sold to former Oxford United chairman Kelvin Thomas. The deal has the approval of Northampton Borough Council who are owed £10.25m for work at and around the Sixfields stadium that was never completed. HM Revenue & Customs are owed £166,000 and are bringing a winding up petition.
Alleged financial irregularities surrounding the Council loan have led to a police investigation. Following a formal complaint from the Council, police served a warrant at the ground and removed files and computers.
Kelvin Thomas took over Oxford when they were facing administration and struggling at the wrong end of the Conferece. He turned the club round and got them back into the Football League.