Mr Ellis has pledged an immediate future to the club, belived to be enough to pay off current debts. His future plans are to build further facilities at Sixfields including conference facilities and even extending the ground. It is also beleived that Mr Ellis is not interested in buying Sixfields itself, this proved to be the major sticking point in the Fashanu deal.
Ellis was brought up in Bedfordshire and has followed the Cobblers fortunes over recent seasons, could he be the new owner and the answer to the Cobblers prayers? Watch this space.....