Northampton Town's proposed takeover is still not complete, with the deal continuing to wait on Northampton approval from the EFL and the Independent Football Regulator. Chairman Kelvin Thomas said it was "pretty much agreed", but the club has not announced anything yet. Former AC Milan, Chelsea and Brazil forward Alexandre Pato is part of Sports Alpha Capital, the consortium interested in the club.
Approval still needed
The key point is simple enough. The takeover is subject to two separate checks, and both still have to be cleared before anything can be signed off.
Thomas has also said the proposed investment would leave the club "debt-free", which is the obvious attraction for supporters after Northampton announced a pre-tax loss just short of £3m in April. The club were relegated to League Two last season, and their opening league game this term was a goalless draw against Swindon Town.
The money and the delay
That financial backdrop is why this has dragged on with so much attention. A club carrying a loss of that size is going to look hard at any ownership group that can change the balance sheet, even if the process is still at the approval stage.
The club are waiting on the EFL and the IFR rather than any public change of heart from the buyers. Sports Alpha Capital has said it wants to continue to explore further opportunities within English football, but Northampton's own position has not changed: the takeover remains unannounced and subject to regulatory approval.
Written by Sam Whitfield with AI-assisted research, cross-checked against 1 outlet. How we work →
