Northampton Town have reached an agreement with an Indian consortium to become new owners of the club.
Chairman David Cardoza has confirmed the Sky Bet League Two club has signed a ‘heads of terms’ agreement with the group, who will also buy into plans to redevelop the club’s Sixfields Stadium.
Cardoza, whose family have been owners of the club for more than 12 years, said: “Heads of terms have been signed for new owners who will also become involved in the redevelopment of Sixfields and the land surrounding the stadium.