The scandal of the 'lost' (or stolen) £10.25 million lent to the Cobblers rumbles on with questions raised in the House of Lords.
The Conservative administration lent the money without any security even though a previous Lib Dem administration had determined the Club (at that time, it is now under new ownership) was too high a risk for an unsecured loan and that they did not have sufficient assets to guarantee any loan.
As the BBC article reminds us, The Northampton South Conservative Association then received some £37,000 in donations from people associated with the developers. Strange that!!
This was a major failure of the administration's duty of care for public money.
They simply cannot be trusted.

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