Thursday, January 28, 2021

Report on Northampton Borough Council's loan to football club

The long-awaited auditor's report into Northampton Borough Council’s loan to Northampton Town Football Club was published yesterday. You can download it from the council's website.

A BBC News report on the affair begins:

A £10.25m council loan to a football club for use on a stadium redevelopment had "serious failings", a report found.

Northampton Borough Council loaned the money, which has since disappeared, to Northampton Town in 2013 and 2014 to rebuild a stand and develop land.

The Public Interest Report "calls into question the legality" of decision-making over the deal.

For the political background to the loans, I recommend this Twitter thread from Willy Gilder, who used to report local politics for BBC Radio Northampton:

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