Former Tranmere Rovers player Mark Palios and his wife Nicola have confirmed they are taking over control of the club.
Mark Palios made over 280 appearances at Prenton Park before later becoming Chief Executive of the Football Association. He will become Executive Chairman while his wife Nicola, a commercial lawyer, will become vice-chairwoman.
Mark Palios said: “We are both aware of what a privilege it is to have the opportunity to become involved with this Club, but it is important that we pay tribute to the support that Peter Johnson has given over many years.
“All Tranmere fans are well aware of his massive contribution to the Club, a support that is ongoing, and in order to mark his dedication and support we will be consulting with our fans on the best way to do that.
“There is a big job to be done to get the Club back in the higher divisions and get the facilities back up to scratch. In the coming weeks and months we will share with you our plans on how we intend to make it happen.
“We have no illusions about the difficult environment in which lower league clubs operate but we have exciting ideas to ensure Tranmere thrives in the future as a successful and vibrant community club which is capable of sustaining itself without being reliant on a benefactor.
“My playing days for the club were fantastic, my manager was the legendary and inspiring figure John King and I hope that we can bring some of his spirit, determination and personality back into the Club.”
Nicola Palios said: “Peter Johnson has shown incredible generosity to Tranmere over many years, and particularly by writing off his past loans to give a solid financial base for the upcoming season. We aim to reward his loyalty by ensuring the Club’s legacy for the future.
“Mark always told me that Tranmere Rovers was a warm, friendly, family club and that is exactly what I have found since we first started talks with Peter. I am sure the coming weeks, months and years will be challenging, exciting and ultimately successful.”
Current Chairman whilst Peter Johnson, who brokered the deal, will remain a shareholder, director and become the Club's Honorary President.