With regards to the seat on the board, with hindsight at the time if the Board had have stated “we unfortunately have to reluctantly relinquish our seat on the board to save the club” I think they would be well and truly in the clear. Either way to be fair if it really was a deal breaker then I don’t think anyone can reasonably have a problem with it.
Things were changing on a hourly basis when the takeover happened, The main concern for the Trust and NBC was to keep the Cobblers alive, so we had little time to put out many statements . The piece about it being a deal breaker is 100% true, KT was initially walking away when he thought he would be left with the debt to NBC, as would any potential buyer. The Trust then brokered a deal with NBC involving NBC getting land for the debt and a day or so later NBC asked if the Trust would be OK with the deal being used with another purchaser. The Trust and NBC were looking for whatever was the best deal for NTFC and that turned out to be the deal we brokered being used by KT & DB as they had proved to NBC that they had the cash to finish the East stand. We had a meeting with KT and that is when he told us the the seat on the board would be a deal breaker but added "With David in Dubai and me in the USA we don't have board meetings as such, we have the occasional 3 way phone call"
We could have stood our ground, there were other interested buyers, but time was of the essence, with the Court appearance coming up in days and NBC wanted to go with KT & DB, so we did what we thought was best for NTFC.
Sorry if that wasn't good enough for some people, but I can sleep soundly knowing I actually did something to help save my club, actions always speak louder than words.