The news that supporters had been hoping for was announced on Monday afternoon as Mr Thomas secured an agreement to buy the controlling interest in the Cobblers from David Cardoza.
Both parties seemed confident that the necessary paperwork would be done in time for Friday's administration hearing and hopefully, as a first priority, the club staff will shortly be paid their outstanding wages.
On the pitch, manager Chris Wilder knows Kelvin Thomas well and the signs are good that the recent excellent form could lead to a promotion challenge this season.
But questions remain about how the situation was allowed to come to this, how NTFC had a very real prospect of no longer existing.
The Guardian football writer David Conn follows the business side of football very closely and his latest update on the sitation at Sixfields makes for interesting reading.