The future of Plymouth Argyle looks to have been secured following the announcement that Bishop International Ltd has secured the necessary funding to complete the purchase of the club.
A statement on the club's official website said: "The joint administrators of Plymouth Argyle Football Company Limited (in administration) are satisfied that Bishop International Limited has secured the necessary funding and everything is agreed between the numerous parties.
"Solicitors are now working to finalise the documentation and complete the sale to Bishop International Limited/Plymouth Argyle (125) Limited.
Brendan Guilfoyle said: "This has been a complex deal involving a dozen stakeholders. I am very grateful for the assistance I have received from everyone involved in the sale.
"I can now look forward to the new club obtaining the share from the Football League and retaining their status as a Football League member club."
The deal is now awaiting the final approval from the Football League.