Chairman - 'We moved on to talk to other parties some time ago'
"I'm not surprised by the announcement, my only surprise is the timing of it," he said.
"We moved on to talk to other parties some time ago. The Indian consortium had a few months to move things forward and conclude things but it became apparent they were not progressing matters.
"There are a number of other interested parties and as it became more and more apparent things were not proceeding with the Indian consortium, then we began talking with these other parties. We have made significant progress in these talks to a position where things are now well advanced.
"Northampton Town is a wonderful football club with huge potential, that is why there are other parties interested in buying the club and while the Indian consortium remained in the background in reality we moved on some time ago. Their announcement today concludes matters in that area but they had given up pole position a while ago. This simply concentrates our efforts on concluding a sale of the club to one of the other interested parties."