Torquay United has confirmed a long-awaited takeover deal to sell the club has been completed.
The club has been in talks with a series of investors for months without success but in a statement this morning the club said:
Torquay's chairman David Phillips told ITV News he was "extremely confident" the club would get over the line and complete a sale.
A previous takeover deal fell through in July after Gaming International failed to agree a deal with Torquay to buy the freehold of their ground Plainmoor.
The club only marginally avoided relegation from the National League last season and now sit seventeenth.