Fashanu is also believed to be interested in purchasing Sixfields, even on a leasehold basis now, after originally wanting to own the ground outright.
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The Cobblers Chief Executive seems keen to complete the deal as soon as possible after today confirming that the club has a transfer embargo, following a short term loan from the football league late last year.
Many fans would welcome the takeover, especially in time for a late surge to avoid relegation. On the field a serious run of results is need to lift the team from the bottom of Division Two. With the club's financial situation as it stands, it seems that Mr Fashanu's consortium is the answer.
Hopefully there will be more news ahead the visit of high flying Stoke City on Sunday.
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