The takeover of York City has been completed by billionaires from Canada.
The club have confirmed that, following a transfer of shares from Glen Henderson, 394 Sports Ltd have acquired a 51% majority stake in the club.
394 Sports Limited is led by The Uggla family, with mother and son duo Julie-Anne and Matthew assuming the roles of Co-Chair of York City Football Club pending FA approval.
"It’s amazing to get it done. It has been a pretty quick process and we need to hit the ground running because things are getting underway and we need to catch up with other teams who have had all summer to prepare," said Matthew
"We can really take this club as far as we want to take it, I think the sky really is the limit, there’s not really a ceiling on this club. It’s just a case of putting the right structures and plans in place to really go for it."
The two Trust-appointed directors Alastair Smith and Mike Brown will remain on the board.
According to the York press The Uggla family previously attempted to complete the takeover of Yeovil Town football club, but after their attempts failed the Glovers suffered relegation.
The paper adds that The Uggla family are billionaires from Canada and have a number of interests in business, charity and investment. Matt Uggla is the son of Lance Uggla, a significant supporter of the Tate Galleries.