Police have made an arrest as part of their investigation into the use of funds loaned to Northampton Town FC by Northampton Borough Council.
The 45-year-old man was arrested by detectives at a Northamptonshire address yesterday morning.
He has been released on conditional bail and is helping with inquiries in relation.
Double winner John Roberts has died at the age of 69, his former club Arsenal have announced.
The defender played for Northampton Town between 1967 - 1969 before joining Arsenal and played for Birmingham City between 1972 - 1976.
In all, Roberts made 62 appearances for Northampton and 66 for Birmingham.
He went on to play for Wrexham and Hull before retiring in the early 1980s.
Abercynon-born Roberts won 22 international caps and was part of the Wales squad which reached the quarter-finals of the 1976 European Championship.
Children are being "bullied" into taking smoke grenades to football matches, police have said.Read the full story ›
A winding up petition on Northampton Town FC by HMRC has officially been withdrawn after a court hearing last Monday.
All the club's debts have also been paid.
New chairman Kelvin Thomas has said it will give the team a chance to focus on the FA Cup.
"This is a very positive step as we move forward. We can now focus on our review of the club and developing the future plans.
"We really enjoyed our first game in the win against Yeovil last weekend and the welcome we received from the fans was really special.
"Now it's time for the FA Cup. The players have given themselves a wonderful chance of getting into the 3rd Round and it's a great time to get behind them.”
The Northampton Town Supporters' Trust say that they are going to donate £10,000 to staff at the club who haven't been paid in six weeks.
The Cobblers' players were finally paid by the PFA recently, but staff still haven't received their wages since the club's accounts were frozen.
Click below to hear from James Averill from the Northampton Town Supporters' Trust
"It is the responsibility for the Chairman to pay the staff and it's something that's not been done so the Trust has set up a hardship fund, where there will be £10,000 available for members of staff as a loan to help them.
It's coming up to the christmas period, which we know is a very tough time for everyone."
The man spearheading the move to buy Northampton Town Football Club fears time is running out to do a deal. Former Oxford chairman Kelvin Thomas insists talks are ongoing, but says his efforts may be in vain.
He blames club chairman David Cardoza and father Tony for the delay. In a statement he said:
"Unfortunately it has taken to much time for David and Tony Cardoza to complete the Share Purchase Agreement and we are now stuck wondering if they really want to complete the deal as agreed.
We are hearing that they have other interested parties and also that they possibly want the club to go into administration, and whilst we have no direct knowledge of this the length of time that it is taking to get this agreement across the line certainly questions any intentions.
We are serious, well funded and excited about taking Northampton Town Football Club forward but if David and Tony Cardoza feel they can improve the deal with another party or administration is their preferred route then unfortunately that is their right. We do feel that introducing other parties at this late stage could be a very high risk strategy for the survival of the football club especially with very limited due diligence time on both sides."
Meanwhile an independent investigation will take place into the handling of the £10m loan to Northampton Town Football Club which so far it hasn't paid back.
Northampton Borough Council, which made the loan so the club could build a new stand, says it welcomes the investigation which will be carried out by the council's auditors KPMG.
The council added it would work with Northamptonshire Police on understanding what has happened to the money and if a formal complaint can be made to the police.
A winding up petition by HMRC against the club is currently going through the High Court.
That petition will be heard on 27 November.
Northampton Borough Council will apply to put the town's football club into administration in court on Monday to try and stop it being wound up.
A winding up petition against Northampton Town for unpaid taxes is due to be heard at the High Court in five days time, which could result in the club going into liquidation.
If the Council's petition is granted, it would put the HMRC action on hold and give the Cobblers more time to conclude a takeover.
The Council say they have had reassurance from the Football League that the club would not face a points deduction - that would only happen if all rescue efforts fail.
Councillors in Northampton will meet today to discuss the next move in the ongoing financial saga at the town's football club.
The authority lent the Cobblers more than £10m for a new stand at Sixfields but the club defaulted. Today they will meet to discuss how to get the money back.
A prospective new chairman has been found but - Kelvin Thomas says it is too early to say whether the financial issues surrounding the club can be resolved.
The Cobblers are in deep financial trouble and owe money to HMRC as well as the borough council.
Northampton Town have confirmed that their players and staff haven't been paid on time ahead of their weekend game at Newport County.
The Cobblers' Chief Executive James Whiting warned that the wages would probably be late during a press conference earlier this week, but those fears have now been realised.
The club's accounts have been frozen after a winding-up petition was lodged against them by HMRC.
The club say that all the players have travelled on the bus to Newport as normal though.
Vandals broke ten seats during Northampton Town's match against Oxford United at Sixfields last week.
Police are appealing for information about who was responsible for the damage in the South Stand - where away fans were sitting - last Saturday.
Officers say part of one of the broken seats was also hurled towards the pitch at the end of the game.
Anyone with information is asked to call Northamptonshire Police on 101.