League Two side Northampton Town is "set to be taken over by an Indian consortium after both parties signed a heads of terms agreement," according to the BBC. The buyout will see Chair and Owner David Cardoza "sell his entire stake." Cardoza: "We've been looking for investment for a while, more on a 50-50 sale -- but the buyers have said they want to take control of everything. It's a bit out of the blue, but it's unquestionably in the best interests for everyone to get this deal done." The identities of the consortium members "have yet to be disclosed." Cardoza, who "believes the takeover could go through within a month," said, "I wouldn't be selling the football club unless I was confident it was going to the right people." The consortium is "buying both the football club and land around the Sixfields ground and Cardoza said they will invest 'significant funds' into both those assets." Cardoza was also "quick to allay fears that the consortium were just interested in the land around Sixfields" and not in the club (BBC, 6/24).
