And with that, they take their buckets to the Ricoh Arena. A police investigation into allegations of fraud linked to a 10.25 million council loan to Northampton Town FC has now cost almost one million pounds. It is the latest issue in a long series of problems associated with the development of the club's Sixfields Stadium and surrounding land. The case is settled out of court. West Northamptonshire Council and Northampton Town . By clicking 'Create Account and Subscribe' you agree to us creating an account for you and subscribing you to our newsletter in accordance with our Privacy Policy and Legal Notice.Emails, which may be sent daily or less frequently, may include marketing elements. The club was founded on 6 March 1897 by a group of local school teachers who, together with a local solicitor A.J "Pat" Darnell at The Princess Royal Inn, Wellingborough Road, formed the town's first professional football club. Northampton Town Football Club is a professional association football club based in the town of Northampton, England. Northampton's predominant rivals have been Peterborough United in the Nene derby, however, they also share a smaller rivalry with Milton Keynes Dons. Is climate change killing Australian wine? 2023 BBC. You can unsubscribe whenever you want. The Insolvency Service statement said Grossman had admitted that 1st Land paid the 2.65m out to a third party in loans, 600,652 to connected companies, and 1.5m in dividend payments to himself and in some instances to his family members on his behalf. A large proportion of the 10.25m loaned by the council was apparently paid by the club to 1st Land Ltd, a company of which Grossman was the sole director and shareholder, to enable the works to be done. Northampton were promoted three times in the five years 1960 to 1965. The chamber heard the loan was "a failure of due diligence, a failure of governance, a failure of leadership". The claim was settled out of court and the parties signed a non-disclosure agreement.
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