Following months of negotiations, James Brent's takeover of Plymouth Argyle has been approved by the club's administrators.
After having agreed a deal for Plymouth City Council to buy back Home Park and finalising deals with the club's unpaid staff over unpaid wages, Brent's Akkeron Group have agreed a deal with the club's Administrators, P & A partnership, over fees.
One of Brent's first acts as owner will be to repay the club's staff who had been forced to defer their wages to help keep the club going.
"There's a huge amount to be done to rebuild the club and its finances," said Brent.
"The first focus is to pay the staff their first full month's wages for a very long time."
Argyle, who had been in Administration since March, currently sit bottom of League Two and Brent's efforts will now be focused on rebuilding the club following a period of extreme uncertainty, which saw its very existence threatened.
He added: "We have the financial power to do it, but we've been very open that we would like like-minded people to join us.
"What I won't do is part with control of the club until it's properly stabilised."
