Northampton agree deal with Pato-led consortium

Northampton Town have reached an agreement with a consortium that includes former Brazil forward Alexandre Pato. The club says the deal covers a "proposed shareholding acquisition". That is about as far as it goes for now. No fee has been confirmed, no timescale and no detail on how big a stake the group would take. The next step is likely formal process and approval. More will come out in the days ahead.