Kelvin Thomas To Buy Controlling Stake In Northampton Town
Tue 24th Nov 2015 | Clubs Ownership
Northampton Town have confirmed that Chairman, David Cardoza is to sell a controlling interest in the club to Kelvin Thomas.
Thomas, the former Oxford United Chairman, is expected to take a controlling interest in the club that is currently under investigation over a £10.25m loan for the as yet unfinished redevelopment work at Sixfields Stadium as well as a winding-up petition over an unpaid tax bill totalling £166,000.
An official club statement read:
“Chairman David Cardoza has reached an agreement to sell his controlling stake in Northampton Town Football Club to Kelvin Thomas.
“The deal is subject to the legal paperwork being completed which is expected to happen well in advance of Friday's administration hearing.
“The club will be in a position to make a further announcement upon such completion.”
Posted by: Aaron Gourley
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