The Football League Paper - - CHAMPIONSHIP - By Joshua Richards

KELVIN Thomas com­pleted his takeover of Northamp­ton Town on Thurs­day.

The for­mer Ox­ford chief is now ex­ec­u­tive chair­man at Six­fields Sta­dium, af­ter David Car­doza and fa­ther An­thony sold their stakes.

Thomas paid the £166,000 owed to HM Rev­enue & Cus­toms ahead of a wind­ing-up pe­ti­tion hear­ing, which HMRC is now look­ing to with­draw.

The con­sor­tium now in charge also in­cludes David Bower, who be­comes a di­rec­tor, and Mike Wail­ing, who be­comes a non-ex­ec­u­tive di­rec­tor. It was also con­firmed that over­due staff wage pay­ments from Oc­to­ber would be paid in full next week.

Thomas said: “We have the funds in place to take care of the short and long-term needs of the club which has been shown to both coun­cil and the Foot­ball League.”

The club was also set to face an ad­min­is­tra­tion pe­ti­tion on Fri­day brought by Northamp­ton Bor­ough Coun­cil, but that was ad­journed af­ter an agree­ment was reached over a loan pay­ment pre­vi­ously made to the club.

The deal will see the debt wiped out with the coun­cil in re­turn ac­quir­ing land near Six­fields for de­vel­op­ment.

BACK: Kelvin Thomas

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