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The company handling the redevelopment of Sixfields for Northampton Town, County Developments (Northampton) Ltd (CDNL), has been put into liquidation.
The company, whose only Directors were Cobblers chairman David Cardoza and his father, failed to be represented at the hearing today brought by the building firm that claimed it was owed £2.9million. The matter was over in less than a minute.
A Council statement reads: “The winding up of CDNL today means that Northampton Borough Council is now free to talk to a wider range of people, including the official receiver, about the future development of the land, which is how the loan that we have made to the football club will be paid back. We will be meeting with interested parties soon.
Our priority is to protect the public purse and ensure that the loan is repaid in full, while also offering support to safeguard the future of the Football Club.
With that in mind, we have made proposals to David Cardoza and offered to work with the Club to avoid being liquidated by the HMRC petition and we await a decision from David Cardoza on that.”
A spokesman for the Buckingham Group, which brought today's proceedings, noted his surprise that no-one had defended the petition on behalf of CDNL adding that they had already been in talks with people interested in buying the football club.
Former Oxford chairman Kelvin Thomas, who had a short troubleshooting role at Torquay, is thought to be involved in talks.
Former Oxford chairman Kelvin Thomas, who had a short troubleshooting role at Torquay, is thought to be involved in talks.