SM
Newcastle vs. West Ham: 18 hrs 23 mins
Upcoming predictions and previews

Kelvin Thomas completes Northampton Town takeover

:Headline: Kelvin Thomas completes Northampton Town takeover: ID:259298: from db_amp
Former Oxford United chairman Kelvin Thomas completes his takeover of League Two club Northampton Town from David Cardoza.

Kelvin Thomas has completed his takeover of League Two club Northampton Town.

Thomas becomes the new chief executive chairman of the Cobblers, succeeding David Cardoza after purchasing his controlling stake.

Despite their strong form in the league, Northampton have been in danger of going into liquidation over an outstanding tax bill that Thomas has now taken care of.

Thomas also confirmed that staff who were not paid by the club in October would be paid in full next week.

Former Oxford United chairman Thomas told reporters: "There were times when we were close to walking away [from the deal] but we got there in the end which is the most important thing."

The club was set to face an administration petition brought by Northampton Borough Council on Friday, but that is to be adjourned after a memorandum of understanding between Thomas and the council over a £10.25m loan to the club for redevelopment work at Sixfields.

The Cobblers have won six of their last seven matches to soar up to third in League Two.

amp_article__259298 : Database Data restored...  : 
last updated article - 2015-11-27 16:38:23:
html db last update - 2015-11-27 16:38:23 :

ex - 7200 : read : read cache amp html

Click here for more stories about Kelvin Thomas

Click here for more stories about Northampton Town

Share this article now:
Recommended Next on SM
Premier League Table
TeamPWDLFAGDPTS
1Wycombe WanderersWycombe15112235181735
2Wrexham1694325111431
3Stockport CountyStockport1786329171230
4Birmingham CityBirmingham1493226151130
5Huddersfield TownHuddersfield158252315826
6Barnsley167542420426
7Lincoln CityLincoln167542320326
8Reading158252422226
9Bolton WanderersBolton158252425-126
10Mansfield TownMansfield147342016424
11Exeter CityExeter157261413123
12Peterborough UnitedPeterborough166373229321
13Bristol Rovers166371721-421
14Charlton AthleticCharlton155461617-119
15Stevenage165471116-519
16Northampton TownNorthampton164661821-318
17Wigan AthleticWigan154561312117
18Rotherham UnitedRotherham164571419-517
19Blackpool164572230-817
20Crawley TownCrawley174491527-1216
21Leyton Orient154381418-415
22Cambridge UnitedCambridge153391324-1112
23Shrewsbury TownShrewsbury1632111629-1311
24Burton Albion151591528-138
Scroll for more - Tap for full version


Sports Mole provides in-depth previews and predictions for every match from the biggest leagues and competitions in world football.
AL
Sign up for our FREE daily preview newsletter direct to your inbox!

Loading ...

Failed to load data.



. . . . . . . . . . . . . . .