Failures may be unlawful

摘要

'Significant failures of corporate governance' at Northampton BC may have been unlawful, an auditor has found in a public interest report. The council agreed in 2013 to provide a loan to Northampton Town FC to overhaul its stadium at Sixfields and to buy nearby land in a joint venture with a third party to develop the site. However, loan payments ceased in 2015, with £10.2m outstanding, after the club failed to pay building contractors, with liquidation looming. The council's joint venture partner was eventually liquidated, leaving the authority with costs to retain control of the land, which has not been developed.