skybluetony176
Well-Known Member
Not gone well for them
BREAKING: Anthony Cardoza ordered to pay Northampton Borough Council almost £3 million
BREAKING: Anthony Cardoza ordered to pay Northampton Borough Council almost £3 million
Cardoza Family in Court (1 Viewer)
- Thread starter skybluetony176
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skybluetony176
Well-Known Member
They cut a deal with the club when it was taken over didn’t they? I think the club settled their commitment by handing back some land at Sixfields.
Nick
Administrator
I haven't followed it too close but it rings a bell about some land.
I wonder what chance they have of ever getting the money.
skybluetony176
Well-Known Member
Slim I would have thought. OSB is probably the best person to ask but if they’ve broken the fiduciary code for directors (as stated in court) and already lost some directors privileges as a result of this case if they haven’t already been struck off will they be? If they have or will I wouldn’t think that it doesn’t give them any reason not to declare themselves bankrupt meaning that the debt will never get paid. It’s clear from this case that David Cardoza was switching assets into his wife’s name (namely their house) so who’s to say they haven’t already moved other assets out of reach.
I assume that this is a civil case not a criminal case. Is there a criminal case to follow or has it already happened and I missed it? I know the police were investigating.
Captain Dart
Well-Known Member
He took £10m from the council to redevelop the stadium and surrounding land. The money vanished. He seems to be getting off lightly.
Northampton Town and the missing money
skybluetony176
Well-Known Member
I think there’s an ongoing criminal investigation so the music might not be over just yet. I think the developer is in the loop somewhere too and I’m not sure if Northampton council are trying to reclaim money from him too. Maybe because they lent the money to the Cardoza’s they can only go after them personally, in which case certainly as far as the council getting their money back then maybe he has got off lightly.
