Northampton are close to completing a takeover deal with a consortium from India.
The club have announced they have reached an "initial agreement with the new owners" who are committed to redeveloping the club's Sixfields Stadium.
Chairman David Cardoza, whose family are current owners, said: "Heads of Terms have been signed for new owners who will also become involved in the redevelopment of Sixfields and the land surrounding the stadium.
"This deal will be a very positive move for the football club and its future. This is exciting news for the club, its staff and the people of Northampton and it will bring significant investment into Northampton."
Cardoza added a further announcement would be made "at an appropriate time in the future".
Between 100 and 150 people have gathered in Utah in the United States to remember Kelly Boren and her family.
The bodies of Kelly Boren, 32, Joshua “Jaden” Boren, 7, Haley Boren, 5, and Marie King, 55, and Joshua Boren, 34, were found inside their house late Thursday night.
Police believe Josh Boren, who was an officer with the Lindon Police Department and had previously worked for the Utah County Sheriff's Office, shot and killed his family in the upstairs area of their house before turning the gun on himself.
At a candlelit vigil, mourners signed a book, writing down their favorite memories of Kelly, and left photographs of her.
A funeral for Kelly, Haley, and Jaden Boren and Marie King will be held Wednesday.
A US police officer who is believed to have killed his wife, mother-in-law and two children before turning the gun on himself was experiencing marriage problems in the months leading up to the shooting, his boss said.
Officials said they did not find a suicide note at the crime scene.
Two women believed to be from Britain were among five members of the same family who have been found shot dead in Utah, America.
Police officer Joshua Boren, is believed to have killed his wife Kelly and her mother Marie King - who both apparently used to live in Northampton.
Mr Boren reportedly killed his wife, mother-in-law and two young children at the family home in Utah before turning the gun on himself.
Former soldier Liam Culverhouse has been jailed for six years for causing his baby daughter's death.
His 19-month-old daughter Khloe Abrams died in November 2012 after suffering "multiple fractures to her skull, limbs and wrist" in an earlier assault.
The 25-year-old, who is expected to serve half of the sentence, had admitted causing the injuries eighteen months before she died in May 2011.
ITV News Correspondent Rupert Evelyn is at the sentencing of an ex-soldier who has pleaded guilty to causing the death of his 19-month-old daughter Khloe.