Northampton Town are in talks with a ‘well-funded’ investment group to clear the club’s debts.
The news comes just 48 hours after the club’s relegated to League Two was confirmed following a run of seven defeats on the spin – culminating in Tuesday’s 2-1 defeat at Luton.
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No details have been provided regarding the group or what level of investment will be ploughed into the club.
There is also no indication of whether it will be a full takeover of the club or the expected timescale of change.
Club statement
Cobblers Chairman Kelvin Thomas said: “We have been very open for a while about the need for fresh investment and have been working hard behind the scenes to hopefully make that happen.
“We are excited as we feel we have found the right group of people to support the club going forward who are very football focused and are excited about the potential.
“If this process is ultimately successful, we expect the club will be debt free which is a goal we have always hoped for.
“Principals of the group have been to Northampton, visited the club, training ground and the stadium and are very excited about the opportunity ahead.
“We fully understand and accept that results have been extremely disappointing in 2026, but this agreement was never dependent on divisional status and is a very important step for the club especially to give the club the best chance to be more competitive in football’s current financial climate.
“Of course, this will be a strange period, but the work of the club continues including planning for next season and the managerial appointment discussions.
“As always we will keep fans updated as much as possible, but there will be no further comment until such time as there is more formal progress.”
Northampton recently announced a £2.995m pre-tax loss for the 12 months to the end of June 2025, despite turnover having increased by over £800,000 to a club-record £7.541m.
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Northampton are without a manager since the sacking of Kevin Nolan last month.
Colin Calderwood has been in temporary charge of the team since Nolan’s exit, but has been able to do little to turn around their fortunes having registered just one win in their last 22 matches.
Focus on an immediate return
After their relegation was confirmed, Thomas promised fans that his attention would be fully on ensuring the club returns to the third tier as quickly as possible.
“Lessons will be learned,” he said. “We have proved we can get out of League Two, and now the goal is to get back into League One as soon as possible and all of our focus moves towards that.
“We are obviously extremely disappointed about how this season is finishing.
“Results over the last three or four months have just not been good enough.
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“To be where we were at Christmas and then to drop off so significantly really hurts.
“We fully understand the pain and everyone at the club feels the same.”
