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.