League Two side, Northampton Town FC is in talks with an Indian consortium that is to take a controlling interest in the club, it was announced today.
Chairman David Cardoza said the League Two club has reached initial agreement with new owners who will also buy into plans to redevelop the club’s Sixfields Stadium.
David Cardoza, whose family are the current owners of the club, said:
“Heads of Terms have been signed for new owners who will also become involved in the redevelopment of Sixfields and the land surrounding the stadium.
“This deal will be a very positive move for the football club and its future. This is exciting news for the club, its staff and the people of Northampton and it will bring significant investment into Northampton.”
Mr Cardoza said that further information will be announced at an appropriate time in the future.
He added: “We would like to thank fans for their patience while due process takes its course and we will issue further updates as soon as we are able.”
Northampton Town Football Club was founded in 1897 and the team is affectionately known as The Cobblers.
The club will begin its 2015 / 16 League Two Season on August 8th with an away fixture at Bristol Rovers, followed by a home game in the League Cup against Blackpool on August 11th.
