£13.5m council loan to Northampton Town rushed through – auditors

24 November 2016 07:31
• Inquiry finds this was partly due to pressure from Conservative council leader• Loan for work on Sixfields stadium also under police investigationA £13.5m loan to Northampton Town was made by the local council too quickly and with inadequate information and safeguards, partly because the then leader of the council, the Conservative David Mackintosh, now the local MP, was pressing for it, an internal inquiry has found.Northamptonshire police are continuing to investigate what happened to the loan, made to finance improvements including a new east stand at Northampton’s Sixfields stadium that were never completed, while £10.25m remains owing to Northampton borough council. The police investigation includes inquiries into £36,000 in financial donations made to Mackintosh’s local Conservative association by Howard Grossman, whose company, 1st Land, was contracted to manage the Sixfields development, and people associated with him. Continue reading. . read full article

Source: TheGuardian