Pete Cooper
BBC Local Live

Northampton Town chairman David Cardoza has said that "potential purchasers are well aware of all the issues," including a winding up petition issued by HMRC.

On the sale of the club, Mr Cardoza said: "Meetings have and are continuing this week and we are very close to reaching an agreement" adding, "we believe we will have some definite news very soon".

Today is the deadline for the Cobblers to pay back it's £10.25m loan to Northampton Borough Council.

You've been telling us what you think about the situation...

Pete Cooper
BBC Local Live

We have just learnt that HM Revenue & Customs has issued a winding up petition against Northampton Town. Chairman David Cardoza has said it is a "temporary issue due to the delays in completing the takeover".

In a statement, Mr Cardoza said he "put a proposal to HMRC late on Wednesday to head off these proceedings," but was unsuccessful.

HM Revenue & Customs have issued legal proceedings against the Cobblers for monies outstanding.

Northampton Town chairman David Cardoza has said in a statement that he "fully expects the matter to be resolved by the end of next week".

Northampton Chronicle & Echo

A Northampton mum who spent years supporting her drug-addicted son has urged others tolearn lessons from his accidental overdose, external.

Pete Cooper
BBC Local Live

James Averill, from Northampton Town Supporters' Trust, has said supporters can "sadly only twiddle their thumbs" on what he describes as a "big day" for the Cobblers.

He said fans simply have to wait and "hope" that a £10.25m loan from Northampton Borough Council is repaid today after the authority imposed that deadline upon the club.

BBC Sport

While Northampton Town fans face an anxious wait to see what happens with the deadline to pay back a £10.25m loan to Northampton Borough Council today, they can be cheered by the BBC Sport's Price of Football survey.

Image source, AFP

In many categories Northampton come out below average, such as cheapest season ticket and replica shirt. However, the cost of a cup of tea is almost 50p more than the league average.

Pete Cooper
BBC Local Live

Plans to build 55 holiday lodges on Jack's Green, between the villages of King's Cliffe and Wansford  in East Northamptonshire, have been approved subject to conditions.

The site, on an area of grassland and hard standing in Rockingham Forest, includes a former Second World War airfield and a monument that commemorates Glenn Miller's last hangar concert in 1944.

Pete Cooper
BBC Local Live

A former director of Northampton Town has said some of the £10.25m loan, which the borough council has demanded the club repay by today, was paid to the Cobblers outside of the loan conditions and without proper scrutiny and supervision.

Speaking to BBC Radio Northampton, Tony Clarke said "all sides are now playing catch-up" and that the communication from the club has been "appalling".

The fourth annual Northamptonshire Food and Drink Awards, external takes place tonight, featuring eight categories and covering everything from workplaces which promote healthy eating to the best brand new drinks.

Image source, Getty Images

The finalists will find out tonight whether at the Awards Dinner at the Royal and Derngate.

Pete Cooper
BBC Local Live

Two rare Ferraris that Northamptonshire businessman Richard Colton left in his will to the Royal National Lifeboat Institution have sold for more than £8.5m at auction.

Image source, PA

A 1960 red Ferrari 250 GT SWB (pictured) sold for £6.6m, while a silver 1967 Ferrari 275 GTB/4 sold for £1.93m.

Tom Percival
BBC Radio Northampton

Northampton Borough Council lent the Cobblers £10.25m two years ago to complete the development of Sixfields, but as you can see the East stand remains unbuilt and the club hadn't been meeting its repayment installments to the council.

Last month councillors said enough was enough and demanded the money be repaid with the deadline today. If not met there could be legal action.

BBC Travel

All lanes have been reopened following a collision between three cars and a van on the M1 southbound between junction 15 and 14. There are long delays in the area.

Here's how Highways England tweeted the closures just after 08:00.

Andrew Radd
BBC Radio Northampton

Here are our top stories:

• A deadline for Northampton Town Football Club to pay back its £10.25m loan from Northampton Borough Council has been reached today
• Plans to build 55 holiday lodges on an area of grassland and hard standing in Rockingham Forest have been approved subject to conditions
• Two rare Ferraries left to the Royal National Lifeboat Institution in the will of a Northampton businessman havemade a total of £8.5m at an auction in Duxford

Elizabeth Rizzini
BBC Look East weather

It will be a another rather cloudy day with some sunny spells.

But there will be some sun, with a top temperature of 12C (54F).

You can see my full forecast on the BBC Look East Facebook page, external.

Pete Cooper
BBC Local Live

Between now and 18:00 I'll be bringing you the latest news, weather, sport and travel for Northamptonshire.

If you want to get in touch then email us, tweet us , externalor head to Facebook, external.