Read more http://www.theguardian.com/football/2015/nov/06/northampton-town-extinction-missing-millions#_=_
Police are working with Northampton council "to see whether any criminality has occurred" in connection with its £10.25m loan to the town football club.
The club also owes HM Revenue and Customs (HMRC) £166,000 - which has led it to seek a winding up petition.
http://www.bbc.co.uk/news/uk-england-northamptonshire-34743340