Plymouth Argyle Acting Chairman Peter Ridsdale has announced that his involvement will end once James Brent's takeover of the club is completed.
Former Leeds and Cardiff Chairman Ridsdale has been in charge of the day-to-day running of the Pilgrims since March 2011, when the club entered Administration, after previously working in an advisory position at the club from December 2010.
"My role as acting chairman of Plymouth Argyle Football Club on behalf of the administrator will finish on the completion of James Brent's takeover," Ridsdale said.
He added: "Whilst I have agreed to make myself available to assist James for a limited period of time on a consultancy basis, my job will essentially be complete".
Under the terms of the sale and purchase of the club by Bishop International Ltd, a off-shore company headed by Truro City Chairman Kevin Heaney, Ridsdale was set to purchase the club for £1 from BIL, who retain ownership of Home Park, thus becoming Argyle's landlords.
However, Brent's Akkeron Group appear to be the clear favourites to take over the financially stricken Pilgrims with a deal expected to be completed in the middle of October.
