Kelvin Thomas completes Northampton Town takeover
Former Oxford United chairman Kelvin Thomas has completed his takeover of Northampton Town.
Former Oxford United chairman Kelvin Thomas has completed his takeover of Northampton Town.
There's relief among staff at Northampton Town Football Club as talks continue to ratify a takeover deal.
An agreement was reached last night between the club's current chairman David Cardoza and prospective buyer Kelvin Thomas.
Only the players have been paid since September, through a loan from the players' union the PFA, as the saga over the club's future rumbled on.
Staff who are behind on wages include manager Chris Wilder, assistant Alan Knill, coaches, ground and shop personnel plus club stewards.
Press officer Gareth Willsher said it had become extremely stressful for people there, some of whom were given loans by NTFC Supporters Trust so that they could get by.
"Everyone's pulled together, the supporters have been great, the staff have gone above and beyond I would say.
"So to have light at the end of the tunnel now, to have this agreement in place between David Cardoza and Kelvin Thomas is just a huge relief and I hope we can move on very soon.
Mr Thomas is in meetings with Northampton Borough Council today to discuss how to resolve the outstanding £10.25 million loan which was made to the club.
The council will then hold a meeting this evening to decide whether they're happy for the takeover to proceed.
Northampton Town spokesman Gareth Willsher speaks about the staff's relief over the takeover deal
After weeks of takeover talks, this afternoon former Oxford United Chairman completed his takeover of the Cobblers.
A deal has been struck to save Northampton Town Football Club from an administration and winding-up petition.
Northampton Town manager Chris Wilder has pleaded with the club's current chairman to sell to former Oxford United owner Kelvin Thomas.