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Uncertainty surrounds Cobblers takeover


Uncertainty is surrounding the takeover of Northampton Town by a mystery Indian consortium.   One question has always been what the motivation would be to acquire a League 2 club, albeit one in a reasonably prosperous area with some potential for progress.   

Nearly a month has passed since chairman David Cardoza announced the heads of terms agreement with the mystery buyers, leaving rumour to fill the void of information coming from the club.

Speculation on the whereabouts of the £12million loan secured by the Borough Council to redevelop the stadium and surrounding land intensified after a statement from the Northampton Town supporters' trust asking questions of the use of a company called 1st Land (now in administration) to handle the building works.

It seems an unusual time for the Cardoza family to sell their interest in the Cobblers after finally securing the funds for a stadium redevelopment after 14 years of aspiration. More so, for an Indian acquisition at a time when the club is shouldering such a loan. 

From the point of view of the purchasers, this is not a fire sale and the price is not likely to be cheap.