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Council to spend £500,000 to recover football club loan

Northampton BC has agreed to spend a further £500,000 to recover a £10.25m loan made to a football team.

By Jamie Hailstone | 20 July 2016

Northampton BC has agreed to spend a further £500,000 to recover a £10.25m loan made to a football team.

Senior councillors agreed to allocate the extra money from reserves after it was revealed the local authority had already spent £450,000 trying to recover the loan made to the former owners of Northampton Town Football Club.

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Popular articles by Jamie Hailstone

  1. Are STPs delivering the change agenda?
  2. It's all about relationships
  3. Frugal authorities may be left exposed to more cuts
  4. Turning challenges into opportunities
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