Danish brothers, Alexander and Christoff Reedtz, have completed the acquisition of Notts County.
The Magpies were relegated from League Two for the first time in their history last season and were scheduled to be back in the High Court in London on July 31 to face a winding-up order.
However, now the Reedtz have assumed control from Alan Hardy they are keen to start rebuilding the club, starting with a quick promotion.
The Danish brother run a football analysis company called Football Radar - which has its headquarters in London.
They say it has been their goal to own a professional football club and to now have the opportunity to own a club with such heritage as Notts County is a dream come true.
Why Notts County? It goes without saying that Notts County are a big club with a proud history, and its status as the world's oldest professional football club is something that we, and anyone else who loves football, find absolutely compelling. What also appealed to us about Notts County is the city of Nottingham itself, and the support the club enjoys here. The club's results in recent years have not lived up to the high expectations, but the fans have continued to support their team wholeheartedly. In our view, the fans are the foundation of any successful football club. The passion and loyalty that the Notts County fans demonstrate is truly admirable, and of essential importance to the club's future. We look forward to getting to know the fans better and to working with them to take Notts County forward.
We are very much going to need the support of the fans in the upcoming season, which will not be easy. The National League is a strong league and the gap between it and League Two isn't massive. With only two promotion spots at stake for 24 teams, and twice the number of relegation places, the competition is going to be tough. The preparations for the new season, of course, haven't been ideal, with many players leaving and the club unable to sign replacements until now due to the financial circumstances. Having said all that, our ambition is to bring Notts County back to the Football League as soon as possible. We will work intensively with Neal Ardley and the rest of the team to bring in the right players in order to have a squad that has the necessary quality and depth to hopefully challenge for promotion this season.