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Just two weeks before the loan was agreed in 2013, Mr Kennedy had attended the wedding of then Cobblers director David Jackson, prompting questions over whether he should have declared this as an interest in drawing up that cabinet report.

There is no suggestion that this was a view to pressing any charges, but formed part of the overall investigation.

He didn’t seem to have the same enthusiasm he did at the beginning.

Comments from the other council leaders were less forthcoming.

“Mr Kennedy’s resignation is not the subject of any termination payment, pension enhancement or settlement agreement,” he said.

Editor’s Note: An earlier version of this story referred to Mr Kennedy as “the architect of the deal” regarding the £10.25m loan to Northampton Town Football Club.