Cllr Mary Markham, Leader of Northampton Borough Council, said:

The Borough Council has made a loan of 10.25million to Northampton Town

Football Club and as the freehold owner of the stadium and the land around, we
clearly have a very strong interest in understanding future plans for the
Cobblers.
The Borough Council is in communication with the Consortium reported to have
agreed heads of terms for acquiring Northampton Town. A meeting is expected to
take place imminently and, assuming that they can agree terms for the purchase
of the Club, we look forward to discussions based on a positive future for the
Cobblers and the protection of the public interest.