Torquay United have today confirmed that the takeover of the club has finally been completed.
Riviera Stadium Limited a subsidiary of Gaming International were due to take over yesterday but a last minute legal hitch held up the deal.
The Gulls Chairman David Phillips said if it didn't go through there was a real prospect of the club entering administration.
No representatives from GI were at Plainmoor today but they are expected to be in attendance for the Gulls next match which is the Boxing Day game at him to Forest Green
United's Manager Kevin Nicholson said he's spoken to Clarke Osborne from GI on the phone this morning he's told him he wants to introduce a five year plan to get the club on a firm financial footing and a footballing force .