Chairman says club intend to meet deadline
Northampton Town Chairman David Cardoza has responded to news that Northampton Borough Council has given the club three weeks to repay the £10.25 million that has been loaned.
"I understand the news today is alarming for supporters but it is a deadline we intend to meet," he said.
"Talks regarding the takeover are taking longer than anyone would have hoped but they are progressing and are close to being concluded but it is a complex, legal situation that takes time," he said.
"That is frustrating for everyone but that is the situation. We fully intend to complete the takeover with the proposed new owners but there is significant other interest in the club should things change.
"We completely understand the urgency to bring matters to a conclusion and it is our intention to have the debt repaid.
"I would like to thank supporters for their patience, we have a big game at Sixfields on Saturday and the players and Chris Wilder need their support in what will be a tough game against the league leaders."