Kelvin Thomas’ deal to take over League Two side Northampton Town from current chairman David Cardoza is in doubt.

Former Oxford chairman Thomas said in a statement: “We are still trying to purchase the majority shareholding of Northampton Town Football Club at this time, but only just.”

The club is subject to an administration petition from the local council over a £10.25m loan.

They have also received a winding-up petition from HM Revenue & Customs.

More to follow.