Northampton Town football club is set to be taken over by an Indian consortium.
Chairman and owner of the League Two side, David Cardoza, has signed a 'heads of terms agreement'.
The deal includes 100% of the company that owns the lease on the land.
Click below to watch a report from Sixfields by ITV News Anglia's Sarah Beecroft
Northampton Town Football Club is set to be taken over by an Indian consortium.
The club have announced they have reached an "initial agreement with the new owners" who are committed to redeveloping the club's Sixfields Stadium.
Northampton Town Chairman David Cardoza has confirmed he has signed a Heads of Terms agreement with a party interested in buying his controlling share in the club.
Contracts are yet to be signed but are being worked on by lawyers for both side.
"This would be a very positive move for the club. I hope supporters recognise that while they might always agree with my decisions, I have always acted in the best interests of the club and I am doing the same again here.
“The deal includes 100% of the company that owns the lease on the land to be redeveloped and is a major investment in Sixfields and Northampton as a whole and benefits the wider community, not just the football club.
Police in Northampton are hunting a group of teenage boys after a 16-year-old girl was punched in the face with a 'knuckle duster.'
The incident happened in the town's Abington Square at around 4.30pm on Saturday 13 June.
The victim was standing at the bus stop near the Penny Whistle pub when she was approached by a group of boys who filmed her with a mobile phone while being verbally abusive.
The girl ran after the boy down a nearby alleyway while he continued to record. She was then held by another boy while she was punched her in the face using a ‘knuckle duster’.
One of the attackers is described as black, about 14 years old and was wearing tracksuit style clothing. Another was described as mixed-race, about 14 years old and was also wearing tracksuit type clothing.
There were a number of people around the bus stop at the time of the incident and police are appealing for witnesses, or anyone with information, to call Northamptonshire Police on 101.
Police are continuing to search for a man who absconded from St Andrew’s Hospital in Northampton on Friday, 19 June.
David Burke, 37, left the hospital in Billing Road, Northampton, yesterday afternoon, with another patient, who has since been found in Birmingham.
Mr Burke is thought to be in the West Midlands area, possibly Birmingham or Coventry, and police are appealing for the public’s help in finding him.
Mr Burke has serious mental health issues and could represent a danger to the public.
Police have released a CCTV image of a group of four masked men who raided a sports centre in Northampton, stealing cash and attacking a member of staff.
The men broke into the Goals Soccer Centre on Mereway at about 10.50pm on Thursday 18th June.
Once inside they attacked a member of staff and forced him to hand over the keys to the safe. They then took money from the reception till before escaping.
All four were wearing balaclavas or motorbike helmets.
Anyone who recognises the men should call Northamptonshire police on the 101 number.
We often hear people bemoaning the absence of Bobbies on the beat, but here's some proof that it's not all bad. PC Chris Stevens was on patrol in Kingsthorpe, in Northampton, when he spotted a man struggling home with heavy shopping - having caught the wrong bus. As PC Chris helped walk him home, a passer by took a picture and shared it on social media.
Since the photo was posted online, it's been seen a staggering 13 million times and it's got almost half a million likes on the police's Facebook page. But, PC Chris told us he was just doing what anybody else would have done.
PC Chris is so happy to help, that he even carried our reporter's tripod after chatting to us earlier.
A photo of a Northamptonshire police officer helping an elderly man with his shopping has got more than 400,000 likes and more than 42,000 shares on Facebook.
A passerby took the picture. It's of PC Chris Stevens who stopped to help an elderly man who was struggling to get home.
“His wife looked a bit shocked when she opened the door and I was there with him, but he was fine.
"It's nice that the police are getting recognition for doing good things, but it's nothing more than any of my colleagues would have done. These things happen on a daily basis up and down the country."
A schoolboy from Northamptonshire had the surprise of his life today when he was told in front of his entire school he had been chosen to be a Rugby World Cup mascot.
He wasn't told by just anyone - Northampton Saints and Welsh rugby star George North turned up to break the news to 10-year-old Rhys Hamber during the school's morning assembly.
Rugby-mad Rhys can now look forward to a once in a lifetime opportunity which will put him at the very heart of the biggest occasion in the rugby calendar.
Click below to watch a report by ITV News Anglia's Russell Hookey
From the look on his face you'd think 10-year-old Rhys was being hauled in front of the school to be told off. Instead he found out he been selected as a World Cup mascot.
Rhys Hamber was surprised during his school assembly by Northampton Saints and Welsh rugby star George North.
Rhys will be one of 96 young mascots at the Rugby World Cup taking place in England and Wales in September and October.
A shop owner in Northampton says that he "thought a bomb was going off" when a manhole exploded outside his store.
A woman and her two children had to run for cover following the blast which took place just metres behind them.
Selva Rajeskumar's shop was damaged in the explosion which ripped part of the store's sign down.
Mr Rajeskumar says that when he heard the bang, he tried to look out the window but his vision was completely impaired by smoke.
Once it had died down, he went outside and called an ambulance.
"When I heard the explosion, I thought it was a bomb going off.
I nearly had a heart attack."