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Football club's new owners revealed later

News of Hartlepool United's future will be announced later Credit: PA Images

Hartlepool United are expected to reveal more details about the club's new owners.

Its majority shareholder, IOR (Increased Oil Recovery) has announced that a takeover has been agreed.

A sale had been decided last December to TMH2014 Limited but it was revealed in February that the deal had fallen through.

Chairman Ken Hodcroft has stepped down and IOR, which bought the club in 1997, will relinquish control.

Hartlepool will start the new season with new owners at the helm after the team's dramatic escape from relegation.

Pools fans are hoping the changes will bring new investment.

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Hartlepool United sold and Chairman steps down

Hartlepool United's new owners haven't been revealed Credit: PA Images

Hartlepool United have tonight confirmed that the club has been sold. It's been owned by the firm Independent Oilfield Rentals (IOR) since 1997.

They say the decision to sell is in the club's best interests.

Meanwhile current Chairman Ken Hodcroft has also stepped aside in the move.

The club's new owners haven't been revealed, although a statement will be released on Monday.

IOR released the following statement a short time ago:

For approximately 18 years IOR have owned Hartlepool United but today they can announce that new owners will be taking over the Club and Ken Hodcroft will step down as Chairman from today.

IOR believe this will be in the best interests for taking the Club forward into hopefully some exciting years ahead.

IOR would like to thank everybody for working together from January onwards to pull off ‘The Great Escape’ at the end of last season, including all members of staff and particularly the fans who gave their full support to the Club and IOR through what was a very critical period for the Club."

– Hartlepool United

The club has said a further and more detailed statement will be made on Monday, June 22.

Hartlepool United in Girls Cup final

A North East school are competing as Hartlepool United in this year's Football League Girls Cup final at Wembley.

The girls, from Northfield School and Sports College in Billingham, are playing against Brentford (Elthorne Park High School) in the final which is taking place ahead of today's Johnstone's Paint Trophy final.

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Moore wants away improvement for Hartlepool

Hartlepool United boss Ronnie Moore says his side must improve their away form in order to stay in the Football League.

Despite a 1-0 defeat at home to Burton Albion yesterday, Pools have won four of the last six games at Victoria Park. In contrast, they have only taken one point from their previous six away games.

Pools are eight points adrift at the bottom of League Two and Moore says Hartlepool need to start earning points on the road to stay up.

Hasselbaink pleased after Burton win at Hartlepool

Burton Albion manager Jimmy Floyd Hasselbaink has praised his side after going top of League Two last night.

The Staffordshire club leapfrogged Shrewsbury in the table after beating Hartlepool United 1-0 with a 90th minute goal from Florent Cuvelier at Victoria Park.

Former Middlesbrough striker Hasselbaink said he was pleased with his team's performance against Pools.

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