Kelvin Thomas has completed his takeover of Northampton.
Thomas becomes the new chief executive chairman of the League Two club, succeeding David Cardoza after purchasing his controlling stake.
Further changes will see Mike Wailing join the club as non-executive director, while Barry Hancock has stepped own as a director.
Thomas has paid the £166,000 owed to HM Revenue & Customs ahead of a winding-up petition hearing.
The club was set to face an administration petition brought by Northampton...